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FBN’s Shibani Joshi with news that Microsoft and Facebook have reached a deal over AOL patents, plus an afternoon market update.
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Additionally your Fox Business -- Microsoft has recent patent agreement with FaceBook the two companies have struck a deal that split that patents.
Microsoft secured from AOL that social networking site we'll pay 550.
Million dollars in cash.
For roughly 650.
Patents and applications.
FaceBook will also be obtaining a license for -- remaining patents and applications.
Owned by Microsoft.
And shares -- our day -- biosciences are soaring today AstraZeneca is buying the Biotech company.
Pretty nearly one point three billion dollars a deal will help AstraZeneca expanded.
It's -- pipeline of new medicines as it faces competition from cheap generic drugs.
On the flip side -- selloff on Wall Street continues expressed concerns over the European debt crisis.
Weighs -- markets here at home the Dow Jones is moving lower right now that's the latest from Fox Business giving you the power.
