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Microsoft Corporation Signs Huge Facebook Deal


Microsoft Corporation (NASDAQ:MSFT) has inked a $550m patent deal with Facebook.

Microsoft Corporation Signs Huge Facebook Deal

Reports say that Microsoft Corporation (NASDAQ:MSFT) and Facebook have signed an agreement in which Facebook will pay $550 million in cash for 650 patents Microsoft recently purchased from AOL.

According to the deal, Facebook gets ownership of the 650 AOL patents and patent applications purchased outright, plus a license to additional AOL patents and applications that Microsoft has agreed to purchase.

Brad Smith, executive vice president and general counsel, Microsoft Corporation (NASDAQ:MSFT), said that, “Today’s agreement with Facebook enables us to recoup over half of our costs while achieving our goals from the AOL auction.”

Microsoft Corp. (NASDAQ:MSFT) stocks were at 32.12 at the end of the last day’s trading. There’s been a 9.1% change in the stock price over the past 3 months.

Microsoft Corporation Signs Huge Facebook Deal
Microsoft Corp. (NASDAQ:MSFT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.79
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.95
Zack’s Rank: 14 out of 82 in the industry


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