Photo: Illustration: Ellis Hamburger
Facebook wanted to buy AOL’s 800 patents before Microsoft ultimately bid $1 billion and won the auction, Bloomberg BusinessWeek’s Douglas MacMillan, Serena Saitto and Dina Bass report.Facebook has an $8 billion credit line from its IPO underwriters.
Clearly, its burning a hole in Mark Zuckerberg’s pocket.
AOL announced the sale of its patents the day Zuckerberg told the world that he’d just bought Instagram for $1 billion.
Maybe Facebook will still buy some of those patents: Microsoft Is Planning To Sell Most Of The Patents It Bought From AOL