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January 13, 2012 05:51 pm GMT
The 4G wireless technology space is heating up, so expect vultures. Acacia Research Corporation, a massive patent holding group with dozens of subsidiaries in the business of exploiting intellectual property by means of lawsuits and aggressive patent licensing schemes, this morning announced that it has acquired ADAPTIX, a 4G wireless technology company that started out in 2000 under the name Broadstorm.Acacia Research is paying $160 million for the company, which has $10 million in cash, primarily to obtain ADAPTIX' portfolio of 230 issued and pending patents in 13 countries.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/x34_pvPGbZg/
Patent Troll Buys ADAPTIX (And Its 4G Technology Patents) For $160M
The 4G wireless technology space is heating up, so expect vultures. Acacia Research Corporation, a massive patent holding group with dozens of subsidiaries in the business of exploiting intellectual property by means of lawsuits and aggressive patent licensing schemes, this morning announced that it has acquired ADAPTIX, a 4G wireless technology company that started out in 2000 under the name Broadstorm.Acacia Research is paying $160 million for the company, which has $10 million in cash, primarily to obtain ADAPTIX' portfolio of 230 issued and pending patents in 13 countries. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/x34_pvPGbZg/
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