AOL, a company that’s been struggling with shrinking sales over the last several years, may be looking for new sources of income. According to Bloomberg “three people with knowledge of the matter” said the company is hiring investment firm Evercore to find buyers or licensees for some of its more than 800 patents. The three sources also said Evercore would “explore other strategic options” for the company, without going into more detail.
Read the full story at Ars Technica
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.