Microsoft dropped an eye-popping $1 billion on 800 AOL patents today, an astonishing amount likely spent to keep the intellectual property trove away from rival Google.
But according to a source close to the situation, Google didn't even bid on the portfolio.
That makes Microsoft's lavish bid, which averages $1.25 million per patent, all the more astounding. Still, even without Google, there was good reason: according to data crunched by MDB Capital Group, an investment banking firm that focuses on intellectual property, the AOL patents have far more relevance to Microsoft than to any other company.
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