tech:

taffy

AOL Closes $1B Patent Transaction With Microsoft

[Techtaffy Newsdesk]

AOL has completed the $1.056 billion patent transaction with Microsoft. The transaction includes the sale of over 800 patents and their related patent applications, and grants Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash.

As a part of the transaction AOL also received a license to the patents being sold to Microsoft. AOL continues to hold a patent portfolio of over 300 patents and patent applications spanning advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security among others.

AOL will be returning 100 per cent of the patent proceeds to shareholders.

You may also be interested in:

AOL Inks $1Billion Patent Deal With Microsoft

Just in

A comprehensive list of 2023 & 2024 tech layoffs — TC

The final total of layoffs for 2023 ended up being 262,735, according to Layoffs.fyi. Tech layoffs conducted in 2023 were 59% higher than 2022’s total.

Gradial raises $5.4M

Gradial, based in Seattle, WA, has announced a $5.4 million seed funding round. The investment is led by Madrona.

CMS awards ICF $50M in digital modernization contract extensions

The U.S. Department of Health and Human Services (HHS) has extended two contracts with ICF for the cloud migration and digital modernization of Centers for Medicare & Medicaid (CMS) systems.

Court orders maker of Pegasus spyware to hand over code to WhatsApp — The Guardian

NSO Group, the maker of one the world’s most sophisticated cyber weapons, has been ordered by a US court to hand its code for Pegasus and other spyware products to WhatsApp as part of the company’s ongoing litigation, writes Stephanie Kirchgaessner.