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The Podium

Monday, April 23

Deal of the Day

By Brad

The tech patent land rush continues, with two titans agreeing to a massive deal. As paidContent’s Jeff John Roberts reports:

Facebook announced today that it will pay $550 million to Microsoft for the right to 650 patents and patent applications.

Microsoft acquired those patents and hundreds of others in a deal with AOL earlier this month.

Between this and Facebook’s $1 billion purchase of mobile photo sharing app Instagram earlier this month, the social networking giant is currently on a big spending spree.

 

 

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