logo
Share SHARE
FONT-SIZE Plus   Neg

AOL Inc. (AOL) Has Surged To A New High After Patent Sale

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 has gapped open dramatically higher this morning and is now up 6.62 at $25.04 on above average volume. The stock has jumped to a new high for the year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
Follow RTT