A couple of weeks ago Microsoft agreed to acquire around 925 patents and associated patent applications from AOL in a deal worth just over one billion dollars.
Microsoft has now agreed to let Facebook buy a portion of that patent portfolio for $550 million.
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Mark Bridge writes:
At the beginning of last week, Facebook and Instagram were the talk of the mobile industry. Was this billion-dollar deal the sign of another tech bubble? Facebook’s fast track into mobile? Facebook moving to cement its dominance of online photography? You, the jury, decide.
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This week’s podcast from The Fonecast covers all the top mobile industry stories from the past seven days. We discuss Facebook’s acquisition of Instagram and Microsoft’s plans to buy over 800 patents from AOL - plus the rest of the latest headlines, from free 0800 calls to mobile security plans.
As usual, you can listen to the programme on our website audio player, via iTunes, by using our RSS feed or by downloading the MP3.
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There are two billion-dollar deals in this week's show, with Facebook acquiring Instagram and AOL selling hundeds of patents to Microsoft. In addition, we discuss the rest of the mobile industry headlines - from security to virtual reality.
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AOL has agreed to sell over 800 of its patents and associated patent applications to Microsoft, with Microsoft also being given permission to use the patents AOL is keeping.
The total deal is worth $1.056 billion (£664 million).
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