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Unwired Planet announces patent license, purchase transaction with Lenovo.

INTERNET BUSINESS NEWS-(C)1995-2014 M2 COMMUNICATIONS

Unwired Planet, Inc. (NASDAQ: UPIP) and Lenovo (992.HK) (ADR: LNVGY) said that Lenovo has agreed to purchase a portfolio of patents from Unwired Planet and to take a term-based license to Unwired Planet's patent portfolio.

The aggregate consideration for the combined transaction is USD100m payable in cash.

The patent purchase consists of 21 patent families owned by Unwired Planet, including patents for 3G and LTE mobile technologies and other important mobility patents.

Lenovo is a USD34bn personal technology company. For more information see www.lenovo.com.

Unwired Planet is a premier intellectual property company focusing exclusively on the mobile industry.

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Publication:Internet Business News
Date:Mar 21, 2014
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