AOL's effort to sell off a chunk of its patent portfolio keeps chugging ahead. The company has now reportedly hired investment banking advisory firm Evercore Partners to help strike a deal.
Citing three people with knowledge of the hire, Bloomberg says AOL tapped Evercore to find a buyer for more than 800 patents and to "explore other strategic options" -- code for a possible sale or private buyout of the entire company.
An Evercore spokesperson declined to comment on the report, and AOL didn't immediately respond to a request for comment.
The beleaguered Internet pioneer is … Read more