TweakTown
Tech content trusted by users in North America and around the world
5,672 Reviews & Articles | 36,052 News Posts

Intel acquiring 1,700 Wi-Fi, 3G, LTE patents from InterDigital for $375 million

Intel to acquire 1,700 patents relating to Wi-Fi, 3G, and LTE from InterDigital for $375 million

| Business, Financial & Legal News | Posted: Jun 18, 2012 7:27 pm

Intel has agreed to buy 1,700 patents relating to Wi-Fi, 3G, and LTE from InterDigital. Last year, there were murmurs about a treasure chest of patents relating to those technologies being up for sale by InterDigital. The cost for these key patents? Only a cool $375 million in cash. Apparently, Intel has been after these patents for a while.

 

TweakTown image news/2/4/24603_1_intel_acquiring_1_700_wi_fi_3g_lte_patents_from_interdigital_for_375_million.jpg

 

Intel's Senior Vice President, Doug Melamed, had this to say about the transaction: "These patents will support Intel's strategic investments in the mobile segment. The addition of these patents expands our already large, strong and diverse portfolio of intellectual property."

 

Interestingly enough, InterDigital refers to these as only a small portion of its overall collection of patents. How much more value is included in the other patents that they have? Senior Executive Vice President at InterDigital, Scott McQuilkin, had this to say about the upcoming transaction:

 

The acquisition of this portfolio of InterDigital's technologies by a global technology leader like Intel affirms the efforts of our research and development team which actively shares our innovations with the worldwide standards bodies, defining technologies that are central to the world's major wireless systems and devices.

 

The deal should close in the third quarter. These patents will add to Intel's war chest to be used in case of an assault by another technology company's war chest.

NEWS SOURCE
Thenextweb.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below