Printer Friendly

Unwired Planet announces patent license, purchase transaction with Lenovo.


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

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

((Comments on this story may be sent to

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Internet Business News
Date:Mar 21, 2014
Previous Article:Rally Software Q4 revenues up 27%.
Next Article:STMicroelectronics empowers Frog by Wyplay.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters