Intel eyes InterDigital bid, Google interest wanes - report

Nieuws Mobiel Wereld 12 SEP 2011
Intel eyes InterDigital bid, Google interest wanes - report
Intel is among the companies considering bids for InterDigital's patent portfolio, while Google is losing interest in the assets, people with knowledge of the matter told Bloomberg. Intel, Samsung Electronics, Ericsson and HTC are reviewing confidential InterDigital data as they weigh offers for the company's assets, according to the report. Microsoft and Apple have also looked, one person said. First-round bids are due in two weeks, and bidders have been asked to indicate initial interest in the coming days. Google is reportedly backing away from an offer after agreeing to buy Motorola Mobility last month to gain patents and a hardware business, the sources said. InterDigital, which had a market value of about USD 3 billion as of 9 September, may fetch more than USD 5 billion, according to analysts. InterDigital's shares have gained 55 percent since it announced in July it was considering a sale of the company.

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