By Ed Oswald
It's truly the final curtain call for Netscape. A portion the company's technologies are part of a massive $1 billion patent sale between AOL and Microsoft, announced Monday morning. Microsoft was the top bidder in an auction to sell off non-essential technologies that include about 800 patents.
Microsoft is also acquiring a subsidiary of AOL. While AOL did not specify the subsidiary by name, sources tell All Things Digital that it is Netscape. AOL still retains the right to the brand and related businesses, but all the technologies behind it are now owned by the Redmond, Wash. company.
AOL retains about 300 patents which span technologies related to "advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security among others". The company also receives a license for all 800 patents sold to Microsoft.
We continue to hold a valuable patent portfolio as highlighted by the license we entered into with Microsoft", AOL chairman and CEO Tim Armstrong says. "The combined sale and licensing arrangement unlocks current dollar value for our shareholders and enables AOL to continue to aggressively execute on our strategy to create long-term shareholder value".
Details about at: http://betanews.com/...ent-acqusition/