Microsoft Grabs AOL Patents for $1B

    LOS ANGELES, CA - JUNE 07:  The Microsoft logo is seen at the XBOX 360 booth during the Electronic Entertainment Expo on June 7, 2011 in Los Angeles, California. More than 45,000 people are expected to attend the annual three-day convention to see the latest games and announcements from the gaming industry.    (Photo by Kevork Djansezian/Getty Images)

    Kevork Djansezian / Getty Images

    The technology world is in an arms race, and intellectual property is the weapon of choice. Microsoft bought its way toward the front of the pack Monday when it announced a deal with AOL that will give it 800 of AOL’s patents and license to 300 more, all for just slightly north of $1 billion. In the world of mega tech litigation, patents are both offensive and defensive weapons, as companies like Microsoft, Apple, and Google regularly go to court to fight over who has rights to basic elements of the devices and software millions use every day.

    Read it at The New York Times