January 26, 2012 08:47 pm EDT

Intel bolsters video patent portfolio with purchase from RealNetworks

Silicone juggernaut Intel has inked a multi-million dollar deal with RealNetworks, agreeing to purchase scores of video-related patents and annex an entire software team. Specifics of the accord have Intel shelling out $120 million in exchange for 190 patents, 170 patent applications and a video codec development squad. In addition, the two companies have signed a "memorandum of understanding," agreeing to collaborate on future development of the licensed software. RealNetworks states that the sale "will [not] have any material impact on its businesses" and it will retain "certain rights" to the sold technologies. Intel says the sale will improve its ability to "offer richer experiences and innovative solutions [...] across a wide spectrum of devices." The full PR is queued up for you after the break.

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Intel bolsters video patent portfolio with purchase from RealNetworks originally appeared on Engadget on Thu, 26 Jan 2012 15:47:00 EDT. Please see our terms for use of feeds.

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