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AOL Shares Climb After Licensing Deal with Microsoft
Under the pressure of shareholder, to make changes as revenue falls, AOL plans to sell and license patents to Microsoft in an agreement worth $1.06 billion. AOL shares climbed the most in two years. Soar AOL rose 43 percent to close at $26.40, the biggest one-day increase since Nov. 25, 2009. The shares had lost 8.2 percent of their value in the past year before Monday. Microsoft, meanwhile, fell 1.3 percent to $31.10 Monday.
