Intel acquires RealNetworks patents, hands over $120 million

Intel pay $120 million to RealNetworks to acquire patents.

@anthony256
Published Thu, Jan 26 2012 9:23 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Intel have pulled out their credit card today and swiped down a purchase of patents from RealNetworks to the tune of $120 million. RealNetworks Inc. in the agreement hand over a large number of patents, which is set to help Intel's portfolio for streaming media on not only smartphones, but laptops and other devices.

Intel acquires RealNetworks patents, hands over $120 million | TweakTown.com

Intel will receive roughly 190 patents and 170 patent applications, as well as next-generation software that allows for the quick compression or decompression of video for streaming. RealNetworks are still allowed to use the patent in current and future products, and will now work with Intel on continued development of the software and related products.

RealNetworks Chief Executive, Thomas Nielsen, said in an interview:

To bring new technology like that [video software] to market requires significant reach into the consumer and business markets. A partner like Intel has the capacity and size to do that.

The deal created a surge in RealNetworks' share pricing, rising by 29-percent to $9.51 in recent trading. Over the past twelve months, they are down 38-percent, but this deal has helped that sag of share prices.

NEWS SOURCE:online.wsj.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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