InterDigital and Intel today announced that Intel have signed a definitive agreement in order to buy InterDigital subsidiaries – roughly 1,7000 patents and patent applications for $375 million in cash. The agreement involves patents primarily related to 3G, LTE and 802.11 technologies. The companies expect the transaction to be completed in third quarter 2012.
“The acquisition of this portfolio of InterDigital’s technologies by a global technology leader like Intel affirms the efforts of our research and development team which actively shares our innovations with the worldwide standards bodies, defining technologies that are central to the world’s major wireless systems and devices,” said Scott McQuilkin, Senior Executive Vice President, Strategy and Finance at InterDigital.
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.
“These patents will support Intel’s strategic investments in the mobile segment,” said Doug Melamed, Intel Senior Vice President and General Counsel. “The addition of these patents expands our already large, strong and diverse portfolio of intellectual property.”