Tuesday August 28, 2012

AOL to Buy Back $600M in Stock

On Monday, AOL Inc. reported the company will be buying back $600m in stock and declared a dividend to stockholders of $5.15 per share. The financing for this move came from the sale of 800 patents for a total of $1.1Billion last spring.

AOL had been under pressure for some time to do something with their patent portfolio. Speculation suggests that investors are responsible for convincing AOL to make the sale and in turn, return the money back to them.