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

India-Nepal Ties

REUTERS SHOWCASE

Wipro Reaps Profit

Wipro Reaps Profit

Wipro Q1 profit up 30 pct on new contract wins   Full Article 

Monsoon Revives

Monsoon Revives

Monsoon revival keeps rain above average   Full Article 

Tackling Food Prices

Tackling Food Prices

India to free up extra 10 million tonne wheat in open market  Full Article 

Facebook Results

Facebook Results

Facebook beats Wall Street targets, stock hits record high  Full Article 

Struggling Economies

Struggling Economies

Asian economies to struggle on weak export demand - Reuters poll  Full Article 

Mining Roadblock

Mining Roadblock

Coal India's plans for 20 mines hit by land, environment delays  Full Article 

Power Jolt

Power Jolt

UAE's TAQA pulls out of India power plant deal with Jaiprakash  Full Article 

Factory Sector

Factory Sector

China July HSBC flash PMI at 18-month high of 52.0   Full Article 

Reuters India Mobile

Reuters India Mobile

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