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General

Technicolor sells Patent Licensing ops to InterDigital

Friday 2 March 2018 | 09:31 CET | News
Technicolor said it has agreed to sell its Patent Licensing business to InterDigital in a transaction valued at a total of USD 475 million. This includes USD 150 million upfront, plus 42.5 percent in all future cash receipts from InterDigital licensing activities in Consumer Electronics. Technicolor said that a conservative estimate values these cash flows at around USD 215 million. The companies have also inked a grantback licensing agreement worth USD 108 million. The acquisition is expected to close mid-year after customary closing conditions and when conditions relating to the consent of

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Categories: General
Companies: InterDigital / Sony / Technicolor
Countries: World
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