facebook.jpgIPNews® – In a $550 million agreement, Facebook has purchased the rights to 650 patents that Microsoft recently acquired from the flailing America Online (AOL). 

Although Facebook becomes the owner of the patents, Microsoft will retain a license to the patents as well, allowing Microsoft the ability to use the technology in the future.  The patent deal allows Facebook to bolster its patent portfolio as it approaches its IPO.  To continue reading, click: Facebook Purchases More Patents