Microsoft, which recently agreed to pay $1 billion for a portfolio of patents from AOL, today said it will sell a portion of those patents to Facebook for $550 million in cash. The company noted that the AOL deal included the rights to 925 patents and applications, plus a license to 300 more AOL patents…

According to TMZ, Mase reportedly owes the IRS almost $125,000 in back taxes. The IRS filed documents in Florida declaring that the former Bad Boy rapper owes $124,774.85 to Uncle Sam. The back taxes stem from the years 2000, 2001 and 2004. Mase has been spotted in Miami in a handful of studios with more…

YouTube could be hit with a massive royalties bill after losing a court case in Germany over music videos. The video giants lost a legal battle in Hamburg yesterday (April 20), reports the BBC, after the German performance rights organisation GEMA successfully argued that they had not done enough to stop copyrighted clips being posted online. The court, who…

 Right after racing to the top of the App Store charts, Viddyjust announced that it has raised an undisclosed amount of funding from a long list of celebrities — not just tech celebrities, but also the kind that non-techies have heard of. Here’s who invested: Twitter co-founder Biz Stone, Omniture founder Josh James, Skull Candy chairman Jeff…