$1.1B Microsoft Patent Deal Done, AOL Buys Back $600M In Stock, Offers Dividend Of $5.15 Per Share [CEO Memo]

Here's a timely story on how other companies not called Apple are also profiting from tech patents. Today AOL announced a share repurchase of $600 million in AOL stock, along with a one-time cash dividend of $5.15 per share, as the final steps in returning all of the proceeds from its $1.1 billion sale of patents to Microsoft. The news was announced to the market, as well as to AOL staffers by Tim Armstrong in an internal memo. [TechCrunch is owned by AOL.]

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