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While Everybody Was Flipping Out About Instagram-Facebook, AOL Closed Up 43% Today

Matt Rosoff

There were two billion dollar deals in the tech space today.

The one that's getting most of the attention is Facebook buying photo-sharing app Instagram -- with only 13 employees and about 30 million users -- for more than $1 billion in cash and stock.

But that deal will only offer direct financial benefits to a few insiders.

For retail investors, there was actually a much more significant $1 billion deal today: Microsoft's purchase of 800 patents from AOL for $1.06 billion.

AOL's stock closed up 43% on the deal. It's now worth more than digital radio provider Pandora again, for the first time since last August.

Talk about unlocking hidden value!

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