Nokia sells patents to U.S. recyclers Vringo
The embattled mobile giant Nokia sold over 500 of its patents to the U.S. company Vringo for a cash payment of 22 million U.S. dollars - payable by 14 September. This was announced by the New York firm that is active both as a provider of ringtones as well as an exploiter of intellectual property, said on Thursday.
With his new acquisition Vringo thus acquires 109 patents registered in the U.S. and 31 from Nokia to be essential for cellular technologies classified "patent families". These relate to common standards, including GSM, WCDMA, LTE and DECT. If Vringo from these patents generate revenues in excess of the value of the cash payment to the Finns, Nokia will participate in the amount exceeding 35 percent, it said in a statement (PDF file) of the U.S. Securities and Exchange Commission. It measures the U.S. company the Nokia patents a "Significant potential monetization of" at.
As recently as July had Vringo and also teamed on patent licensing specialist U.S. company Innovate / Protect. These and related companies had brought in the past, according to U.S. media reports, among other things, patent infringement cases against companies such as AOL, Google, IAC / InterActive, Gannett and Target.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment