Facebook Boosts IP Defenses With $550M Microsoft Patent Buy

Law360, New York (April 23, 2012, 4:54 PM EDT) -- Two weeks after spending $1 billion to acquire 925 patents from AOL Inc., Microsoft Corp. agreed to sell most of them to Facebook Inc. on Monday for $550 million in cash, potentially giving the social networking giant added ammunition in its patent dispute with Yahoo Inc.

Hot on the heels of Facebook's purchase of hundreds of patents from IBM Corp. last month, the deal with Microsoft, which holds a 1.6 percent stake in Facebook, will help the company fend off infringement allegations, Facebook general counsel Ted...
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