Facebook and Microsoft are partnering up for $550 million patent deal. Earlier this month, Microsoft picked up almost 1,000 patents from AOL, worth a shade over $1 billion, a deal that Facebook was also vying for. Microsoft is now selling a portion of that portfolio to Facebook (650 patents), the Redmond firm confirms, as Facebook preps for a pitched patent fight with Yahoo. Facebook will license the remaining patents Microsoft still owns. Let’s not forget, late in March, Facebook bought about 750 patents from IBM. It’s been a busy month for Facebook as it gears up for its May IPO, and also an expensive one too–together with its early April Instagram purchase, Facebook’s spent $1.55 billion so far.
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.