Bloomberg News

AOL Shares Soar with $1B Microsoft Patent Deal

April 09, 2012

Bloomberg's Jon Erlichman reports that AOL Inc. (AOL:US), under shareholder pressure to make strategic changes as revenue declines, agreed to sell and license patents to Microsoft Corp. (MSFT:US) in a deal worth $1.06 billion. AOL shares soared the most in more than two years. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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Companies Mentioned

  • AOL
    (AOL Inc)
    • $40.27 USD
    • -0.01
    • -0.02%
  • MSFT
    (Microsoft Corp)
    • $42.09 USD
    • 0.41
    • 0.96%
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