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Wednesday, April 7, 2010 as of 11:14 AM ET

Brad Smith

Microsoft has been involved in numerous high-profile litigations over the history of the company, including cases against the United States, the European Union, and competitors.

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Facebook, Microsoft Forge $550M Patent Deal

Microsoft (NASDAQ:MSFT) and Facebook announced an agreement Monday in which Facebook will pay $550 million in cash for 650 patents Microsoft recently purchased from AOL (NYSE:AOL).

It's the second large acquisition announced by Facebook in the past two weeks, just weeks ahead of the social media giant's planned initial public offering scheduled for mid-May. Last week, Facebook said it will pay $1 billion for photo-sharing site Instagram."Today's agreement with Microsoft represents an important acquisition for Facebook," Ted Ullyot, Facebook's general counsel said in a statement. "This is another significant step in our ongoing process of building an intellectual property portfolio to protect Facebook's interests over the long term."In the deal announced Monday, Facebook gets ownership of the 650 AOL patents and patent applications purchased outright, plus a license to additional AOL patents and applications that Microsoft has agreed to purchase.Microsoft said in its initial auction with...

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  1. Microsoft Pays $1B for Batch of AOL Patents

    AOL (NYSE:AOL) scored a $1.06 billion transaction on Monday to sell more than 800 coveted patents to Microsoft (NASDAQ:MSFT) and give the tech giant non-exclusive li...

  2. U.S. Companies: Get Off Your Cash and Start Hiring

    We have a lot more to discuss on the downgrade of America - and the escalating battle between the white house and S&P. But I want to turn for a moment to the subject...

  3. How to Improve the Educational System to Boost Jobs

    Cato Institute Associate Director for Educational Freedom Neal McCluskey on how the educational system can be improved to help Americans’ career opportunities and marketable skills.

  4. The Myths of the High-Tech Worker Shortage

    Rochester Institute of Technology Professor Ron Hira on the myths that the U.S. is in need of more computer professionals and engineers.

  5. Microsoft Files EU Competition Complaint Against Google

    Microsoft Corp stepped up its rivalry with Google Inc with a formal complaint to EU antitrust regulators, claiming Google systematically thwarts Internet search comp...

  6. Bill Draper Talks Philanthropy

    Silicon Valley venture capitalist icon Bill Draper has recently started a new chapter in his life: as a philanthropist in the footsteps of super-wealthy captains of ...

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