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Facebook and Microsoft reach $550m deal over AOL patents

Facebook and Microsoft reach $550m deal over AOL patents

Microsoft and Facebook have announced an agreement that would see Facebook making use of some of Microsoft’s patent portfolio recently acquired from AOL. Facebook has agreed to purchase the patents for $550 million. Microsoft purchased around 925 patents from AOL as part of the original deal, and will be selling around 650 patents to Facebook.

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Microsoft quietly buys Netscape browser technology

Microsoft quietly buys Netscape browser technology

This morning we learned that Microsoft and AOL had signed a deal that would see MSFT pick up 800 of AOL’s patents for around $1 billion in cash. The deal is expected to close at the end of 2012, with Microsoft being able to leverage AOL’s remaining 300 patents under a non-exclusive license. As it turns out, there was an undisclosed term to the deal, and AllThingsD reports that Microsoft has picked up part of Netscape.

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Microsoft grabs 800+ AOL patents in $1bn deal

Microsoft grabs 800+ AOL patents in $1bn deal

Microsoft has bought over 800 of AOL's patents, plus signed a patent licensing agreement, in a deal worth $1.056 billion in cash the companies have confirmed. Expected to close by the end of 2012, the sale will see AOL keep hold of over 300 patents and patent applications - which Microsoft will be allowed to use under a non-exclusive license - as well as reward shareholders with "a significant proportion" of the proceeds.

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AOL picks up photo app Hipster

AOL picks up photo app Hipster

AOL has just announced that it has acquired a photo-sharing app called Hipster and its namesake company. Launched last year, Hipster has 100,000 users that create their own digital postcards, containing location data, that can be shared with their friends and family. With the acquisition, the entire team moves to AOL and will also be developing other projects.

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Instant Messenger not dead insists AOL

Instant Messenger not dead insists AOL

Talk of AOL Instant Messenger's death has been greatly exaggerated, the company says, claiming it has no plans to shut down the AIM service. Although reports circulated yesterday suggesting AIM had been axed, the company insists to Computerworld that "we are not killing Instant Messenger" and that instead "we'll continue to support it and evolve the product." That evolution will go on without a chunk of AIM team staff, however, including its chief.

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AOL kills Instant Messenger

AOL kills Instant Messenger

Likely the very first non-email application you ever used to speak with your friends and relatives is about to be shut down for good, AOL Instant Messanger, aka AIM, has been all but slashed entirely from the AOL family. This application's 40 employees in charge of development as well as everything outside of basic maintenance has been let go entirely. While support staff for the ecosystem will remain, no future upgrades to the software will exist from this point on.

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AOL to announce more mass layoffs

AOL to announce more mass layoffs

Poor AOL. Once the only major player in the online market, it's now just a shell of what it used to be, and the company is expected to axe another sweeping group of employees, including executives. Sadly, it's not much of a surprise, as the company is struggling to find a new voice in the 21st century. This time it's targeting those who work on its communications platforms.

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GigaOM acquires paidContent.org’s parent company

GigaOM acquires paidContent.org’s parent company

GigaOM, a San Francisco-based Web 2.0 online news site, has acquired fellow digital media company ContentNext Media, the parent company of the popular site paidContent.org. ContentNext was put up on the market last November after its previous owner, Guardian News & Media, decided to ditch the brand and focus instead on expanding the reach of its other online publication. In other words, it's a whirlwind of corporate hand-offs that was officially announced today.

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AOL’s Huffington Post to enter streaming video territory

AOL’s Huffington Post to enter streaming video territory

The Huffington Post, which has blossomed into one of the biggest online news networks in the world, is planning to enter a space it hasn't really delved into before - live streaming video. The site will essentially become a competitor not only to online news outlets but to the 24/7 cable news networks as well. At least, that is the goal. The site plans to offer 12 hours of original programming every day.

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Microsoft considering Yahoo! bid

Microsoft considering Yahoo! bid

Stockholders today are speaking about several things when it comes to big internet-born companies, the biggest news here being Microsoft's possible future purchase of Yahoo! It seems that as Yahoo!'s former chief exec Carol Bartz exits and their board hires several banks (reportedly) to help them decide what to do with the company, like sell it, Microsoft is apparently speaking internally about picking up the group for a pretty penny. On the other hand, AOL appears to be a less than appealing choice for a purchase than Yahoo! as the source for this story speaks about below.

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