AOL and Microsoft compete for advertisers’ dollars. But they’ve figured out a way to cooperate, too: The two rivals have struck a deal which lets Microsoft distribute AOL’s videos on some of its properties.

The deal will give Microsoft access to all of the videos in AOL’s inventory — both the stuff Tim Armstrong’s company has made, like clips from HuffPost Live and TechCrunch, and the stuff it distributes for other video makers, like ESPN and TMZ.

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