Microsoft shares sank a bit, declining about 0.8% to $31.52. Microsoft’s chief rivals are technology outfits like Apple, IBM and Hewlett Packard.
- Vaccine Education Summit
- Bitcoin Summit
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
The deal will include the sale of 800 patents to the software maker, as well as a non-exclusive license to AOL’s remaining patent portfolio, around 300 pieces of technology, ranging from mapping to advertising.
As its Internet subscription business has fizzled, revenue has fallen 58% in five years. CEO Tim Armstrong has seen increased criticism, and calls to investigate any strategic move to help right the Internet company. AOL spun off from Time Warner in 2009 with the Internet business in turmoil.
AOL shares skyrocketed 31% to $24.50 in today’s pre-market trading. AOL expects to return a “significant portion” of the sale’s proceeds to shareholders, the company said. AOL faces competition from such companies as Yahoo! and Google.
Additional Related items you might find interesting:Related items:
News Link • Space Travel and Exploration
News Link • MEDIA (MainStreamMedia - aka MSM)
News Link • Military
News Link • United States
News Link • Inventions
News Link • Free Market
News Link • Central Banks/Banking
News Link • Economy - Economics USA
News Link • Weather News - Links - History