AOL Inc. (AOL) announced Monday morning that it entered into a definitive agreement to sell over 800 of its patents and their related patent applications to Microsoft Corp. (MSFT) and to grant Microsoft a non-exclusive license to its retained patent portfolio, for aggregate proceeds of $1.056 billion in cash.
AOL Inc. gapped open dramatically higher Monday and climbed in early trade. The stock settled into a range for the majority of the session and finished up by 7.98 at $26.40 on the highest volume of the year. AOL broke out of a 2-month range and set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.