Microsoft and Facebook spent $2 billion dollars today.
Two related companies, Microsoft and Facebook, spent a combined $2 billion dollars today.
Microsoft, a long term Facebook supporter, bought several hundred patents that once popular community, America Online, held for almost 15 years.
By spending $1.056 billion dollars on those 800 patents, Microsoft is thus shielding partner giant Facebook from any potential competition regarding social media and the assorted patents that are bound to come with them.
In a similar move, Facebook spent a cool billion dollars and bought Instagram – the photo sharing web site popular with Facebook and Twitter users.
Not bad for a case of the Mondays! 😀
