InterDigital Completes Sale of Patent Assets to Intel
WILMINGTON, Del.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ: IDCC) today announced that certain of its
subsidiaries have completed the previously announced sale of roughly
1,700 patents and patent applications to Intel Corporation for $375
million in cash.
InterDigital and Intel Corporation originally announced the patent
purchase agreement on June 18, 2012. The press release announcing the
sale can be found on InterDigital's website at http://ir.interdigital.com/releasedetail.cfm?ReleaseID=683872.
InterDigital develops fundamental wireless technologies that are at the
core of mobile devices, networks, and services worldwide. We solve many
of the industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a richer
multimedia experience years ahead of market deployment. InterDigital has
licenses and strategic relationships with many of the world's leading
wireless companies. For more information, visit: www.interdigital.com.
InterDigital Media Contact:
Patrick Van de Wille, +1
Janet Point, +1 302-281-3746
Source: InterDigital, Inc.
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