Ben Kersey: “Microsoft and AOL …signed a deal that would see MSFT pick up 800 of AOLs patents for around $1 billion in cash. The deal is expected to close at the end of 2012, with Microsoft being able to leverage AOLs remaining 300 patents under a non-exclusive license. As it turns out, there was an undisclosed term to the deal, and AllThingsD reports that Microsoft has picked up part of Netscape.”