UPDATE: InterDigital (IDCC) Agrees to $375M Patent Deal with Intel (INTC)
Tweet Send to a FriendGet Alerts IDCC Hot Sheet
Price: $45.18 -1.63%
Overall Analyst Rating:
BUY (
Up)
Dividend Yield: 0.9%
Revenue Growth %: -31.7%
Overall Analyst Rating:
BUY (
Up)Dividend Yield: 0.9%
Revenue Growth %: -31.7%
Trade IDCC Now!
(Updated - June 18, 2012 11:48 AM EDT)
InterDigital (Nasdaq: IDCC) and Intel Corporation (NASDAQ: INTC) today announced that certain of InterDigital’s subsidiaries have signed a definitive agreement to sell to Intel roughly 1,700 patents and patent applications for $375 million in cash.
The agreement involves patents primarily related to 3G, LTE and 802.11 technologies. InterDigital is an active developer of advanced wireless technologies including WCDMA (Wideband CDMA), HSDPA (High Speed Download Packet Access) and HSUPA (High Speed Upload Packet Access) 3G technologies as well as LTE (Long Term Evolution) and LTE-Advanced 4G technologies.
The companies expect the transaction to be completed in third quarter 2012, subject to customary closing conditions and any required regulatory approvals.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
InterDigital (Nasdaq: IDCC) and Intel Corporation (NASDAQ: INTC) today announced that certain of InterDigital’s subsidiaries have signed a definitive agreement to sell to Intel roughly 1,700 patents and patent applications for $375 million in cash.
The agreement involves patents primarily related to 3G, LTE and 802.11 technologies. InterDigital is an active developer of advanced wireless technologies including WCDMA (Wideband CDMA), HSDPA (High Speed Download Packet Access) and HSUPA (High Speed Upload Packet Access) 3G technologies as well as LTE (Long Term Evolution) and LTE-Advanced 4G technologies.
The companies expect the transaction to be completed in third quarter 2012, subject to customary closing conditions and any required regulatory approvals.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Chile regulators stopped build, imposed sanctions on Barrick Gold (ABX)
- rue21 (RUE) Will be Acquired by Apax Partners for $42/Share
- Echo Pharma Lowers Acceptance Threshold in Elan (ELN) Bid to 50%
Create E-mail Alert Related Categories
Corporate News, Mergers and Acquisitions, Trading Halts
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
