Google in talks to buy InterDigital - WSJ

Thu Jul 21, 2011 11:12am IST

A man walks towards the Google China headquarters in Beijing January 13, 2010. Google has held preliminary talks about buying wireless developer InterDigital Inc, the Wall Street Journal said on Thursday. REUTERS/Jason Lee/Files

A man walks towards the Google China headquarters in Beijing January 13, 2010. Google has held preliminary talks about buying wireless developer InterDigital Inc, the Wall Street Journal said on Thursday.

Credit: Reuters/Jason Lee/Files

Related Topics

REUTERS - Google Inc has held preliminary talks about buying wireless developer InterDigital Inc, the Wall Street Journal said on Thursday, citing people familiar with the matter.

On Tuesday InterDigital had said its board was evaluating strategic alternatives, including a possible sale of the company or of its patents.

The announcement came weeks after a rival consortium of technology giants acquired Nortel Networks' thousands of patents for $4.5 billion.

Google had made the initial bid for Nortel's assets but lost out to a group comprising Apple, Research In Motion, Microsoft Corp, EMC Corp, Ericsson and Sony.

InterDigital holds and licenses around 8,800 mostly telecommunications patents that range from basic wireless system designs and processes to increase network coverage, to saving battery life and the efficient use of bandwidth.

The Journal said that InterDigital expects to fetch a price that not only reflects the value of its patents, but the long-term recurring revenue that stems from licensing patents.

Google and Interdigital have been in touch in recent days but financial advisers for InterDigital will likely approach a wide number of technology companies as part of the auction, the paper said.

(Reporting by Santosh Nadgir; Editing by Greg Mahlich)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

BACK IN JAIL

REUTERS SHOWCASE

Modi Hurdle

Modi Hurdle

Appointment of Arvind Subramanian as chief economic adviser hits Modi hurdle.  Full Article 

USL Board

USL Board

Diageo bars United Breweries from appointing independent director at United Spirits.  Full Article 

Amazon in India

Amazon in India

Amazon to sell packaged food and beverages in India - Economic Times.  Full Article 

iOS 8 Issue

iOS 8 Issue

iOS 8 causing Bluetooth connectivity issues - Apple news blog  Full Article 

NYT Job Cut

NYT Job Cut

New York Times to cut jobs as new products disappoint  Full Article 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Weak Demand

Weak Demand

Weak demand hits factory activity across Asia, Europe  Full Article 

Pimco Fund

Pimco Fund

Pimco Total Return Fund posts record $23.5 bln net outflow in Sept  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage