neo1980 Posted October 1, 2002 Share Posted October 1, 2002 Online music company Liquid Audio said Monday that it agreed to sell its digital encoding patents to Microsoft for $7 million in cash, opening the door for its proposed merger with Alliance Entertainment. The agreement will allow Microsoft to own Liquid Audio's patented digital rights management and secure file-transferring technologies. Along with the $7 million in cash, Liquid Audio will receive a royalty-free license to continue using the patents. Once the patents are sold, Liquid Audio will focus on selling digital distribution technology to online retailers, said the company. The move will complement Alliance's existing business of distributing media in the offline world. http://news.com.com/2100-1023-960076.html Link to comment Share on other sites More sharing options...
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