Rambus (RMBS) Transfers Patent Portfolio to Acacia (ACTG), Receives Upfront Payment

March 7, 2013 6:04 AM EST
Rambus Inc. (Nasdaq: RMBS) has transferred a portfolio of patent assets covering display technologies to a subsidiary of Acacia Research Corporation (Nasdaq: ACTG), the leader in patent licensing. As part of this transaction, Rambus received an initial upfront payment and is expected to receive subsequent payments. Specific terms of the transaction are confidential.

“We are pleased to be working with Acacia as our licensing partner for these patents because of their experience and success in monetizing IP. This transaction enables us to deliver value to our shareholders while we focus our resources and investments in other areas to bring invention to market,” said Dr. Ronald Black, president and chief executive officer at Rambus.

"Acacia is delighted to be partnering with a technology innovation leader like Rambus,” commented Paul Ryan, chief executive officer at Acacia. “The addition of these assets to our portfolio allows us to grow our base of future revenues."

The set of patents involved in this transaction relate to certain display technologies used in smartphones, tablets, computers, HDTVs and other devices. Rambus has retained a license to use these patents and will continue to build and refine its patent portfolio across its various focus areas, utilizing a variety of ways to monetize its intellectual property.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Litigation

Add Your Comment