AOL (America Online Inc.) is global internet service provider company based in New York that are quite popular with their AIM instant message service.
Currently AOL is struggling to maintain its existence after its sales shrink in recent years. AOL tried to get a new source income.
According to sources from Bloomberg, AOL hired Evercore company to find a buyer or licensee for more than 800 patents owned by AOL.
Since 2009, AOL apart from giant content company, Time Warner. The web company has seen revenue drop by 29 percent. The decrease is presumably due to lower revenues at AOL dial-up service, reportedly, AOL dial-up services revenue fell 18 percent.
Earlier this month, AOL has reduced 40 employees of AIM, AOL's instant messenger service. Some anonymous source said that some private companies approach AOLto privatize the company, but AOL has not made a deal with those company. AOL CEO Tim Armstrong said that his company is open to private and is in talks with Yahoo in early September, although no agreement is reached.
As quoted from ArsTechnica, MDB Group Capital investment bank said that AOL could generate $ 1 billion from the sale of patent licenses. AOL disclosed that they has mail and integrated instant message services patent, auto complete character such as Google auto complete and system for automated translation of speech. Big companies like Google and Microsoft may be the potential buyers to avoid patent infringement.
Since 2009, AOL apart from giant content company, Time Warner. The web company has seen revenue drop by 29 percent. The decrease is presumably due to lower revenues at AOL dial-up service, reportedly, AOL dial-up services revenue fell 18 percent.
Earlier this month, AOL has reduced 40 employees of AIM, AOL's instant messenger service. Some anonymous source said that some private companies approach AOLto privatize the company, but AOL has not made a deal with those company. AOL CEO Tim Armstrong said that his company is open to private and is in talks with Yahoo in early September, although no agreement is reached.
As quoted from ArsTechnica, MDB Group Capital investment bank said that AOL could generate $ 1 billion from the sale of patent licenses. AOL disclosed that they has mail and integrated instant message services patent, auto complete character such as Google auto complete and system for automated translation of speech. Big companies like Google and Microsoft may be the potential buyers to avoid patent infringement.
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