Facebook (FB) has agreed to purchase a portion of the patents and patent applications Microsoft...

|About: Facebook (FB)|By:, SA News Editor

Facebook (FB) has agreed to purchase a portion of the patents and patent applications Microsoft (MSFT) acquired from AOL for $550M in cash. Facebook will receive 650 of AOL's patents and applications through the deal, while Microsoft will hold onto 275, as well as a license to the ones it's selling. Microsoft paid $1.056B for AOL's portfolio, reportedly trumping a Facebook offer in the process.