Vringo buys small Nokia patent portfolio as asset sell-off continues

Nokia's sale of the century hour continues, selling off a small intellectual property portfolio to Vringo. The little-known app maker has snapped up a bundle of 500 patents and applications from the Finnish phone maker, including 109 issued US Patents. The collection mostly concerns backbone tech, including communication management, signal transmission and cellular infrastructure. Neither company mentioned a figure, but Vringo revealed that Nokia's getting a chunk of any future profits made. There's PR after the break if you're curious enough to wonder if Stephen Elop's planning the mobile phone equivalent of a yard sale.

Continue reading Vringo buys small Nokia patent portfolio as asset sell-off continues

Filed under: Cellphones, Wireless

Vringo buys small Nokia patent portfolio as asset sell-off continues originally appeared on Engadget on Thu, 09 Aug 2012 09:44:00 EDT. Please see our terms for use of feeds.