deadline.com AOL shares are up more than 25% in pre-market trading moments after CEO Tim Armstrong agreed to unload more than 800 patents in a portfolio that he recently referred to as “beachfront property in East Hampton.” — and promised to “return a significant portion of the sale proceeds to shareholders.” The company will decide what form the investor benefit will take by year end, when it expects the deal to close.

Created by jackiechan 2 years 28 weeks ago
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jackiechan has slowed down quite a bit in recent years, but when he was in his prime, he is known to submit his own headlines and not do things he's not capable of. Now in his twilight years, he's deferring to up-and-coming submitters.

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