AOL sells most of its patents to Microsoft for $1B, goosing its stock price 43%

Update 2 p.m. Pacific: AOL stock closed up 43 percent for the day. News hit the wires this morning that AOL plans to sell 800 of its 1,100 patents to Microsoft for $1 billion in cash, money CEO Tim Armstrong says will be used to repay AOL shareholders. This one-time transaction also grants Microsoft a non-exclusive license to to the 300 remaining patents, which cover key technologies such as advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security.

arrington disrupt

TechCrunch editor Michael Arrington takes off

Michael Arrington, founder of technology blog TechCrunch and known for his fiery personality and zero tolerance for corporate authority, has “decided” to move on from the San Francisco-based tech news publication.

Why Time Warner should reacquire Aol

Aol released its earnings today a week after Time Warner, its former dot-com merger partner, announced earnings. The two businesses, once considered completely disparate and deemed one of the worst corporate mergers of all time, are now increasingly complementary as the industry shifts beyond delivery mechanism to content as the value differentiator.