InterDigital (IDCC) Ramps Higher As New Bidder Enters Into the Feverish Bidding War
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InterDigital, Inc. (Nasdaq: IDCC) is moving higher in pre-open action Wednesday on reports another potential bidder has entered the fray.
Bloomberg reported Wednesday that Samsung is now interested in bidding for the company and is currently reviewing the company's patent portfolio. Samsung would join Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) as bidders for the patent-rich company.
Analysts think the company could fetch up to $5 billion in a bidding war.
On July 19, InterDigital announced it will explore a sale.
Shares of IDCC are up 8 percent to $68.40 in pre-open action.
Bloomberg reported Wednesday that Samsung is now interested in bidding for the company and is currently reviewing the company's patent portfolio. Samsung would join Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) as bidders for the patent-rich company.
Analysts think the company could fetch up to $5 billion in a bidding war.
On July 19, InterDigital announced it will explore a sale.
Shares of IDCC are up 8 percent to $68.40 in pre-open action.
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