Wednesday, April 11, 2012

Patent Sale Pushes AOL Stock Up 45 Percent

tim armstrongIt looks like investors are ecstatic about the news AOL has sold 800 patents to Microsoft for $1.056 billion. AOL made the announcement this morning, and as of 12:45pm Eastern, AOL stock is trading at $26.76 per share. That's a 45 percent increase from Friday's closing price, and the highest that AOL stock has been since November 2010.

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