March 1, 2018 / 8:46 PM / 2 months ago

BRIEF-InterDigital Makes Binding Offer To Buy Technicolor’s Patent Licensing Business

March 1 (Reuters) - InterDigital Inc:

* INTERDIGITAL MAKES BINDING OFFER TO ACQUIRE TECHNICOLOR’S PATENT LICENSING BUSINESS, WILL COLLABORATE WITH TECHNICOLOR ON VIDEO RESEARCH

* INTERDIGITAL INC - ‍MADE A BINDING OFFER TO PURCHASE PATENT LICENSING BUSINESS OF TECHNICOLOR FOR $150 MILLION IN CASH PLUS FUTURE CONTINGENT CONSIDERATION​

* INTERDIGITAL INC - ALSO EXPECTS NET IMPACT OF TRANSACTION ON ITS CORE OPERATING EXPENSES TO BE MODEST​

* INTERDIGITAL- TECHNICOLOR TO RECEIVE 42.5% OF ALL FUTURE CASH RECEIPTS FROM CO’S NEW LICENSING EFFORTS IN CONSUMER ELECTRONICS FIELD

* INTERDIGITAL - UNDER DEAL, THERE IS NO REVENUE SHARING ASSOCIATED WITH CO’S MOBILE INDUSTRY LICENSING EFFORTS

* INTERDIGITAL INC - ‍AS PART OF DEAL, CO WOULD ALSO GRANT BACK TO TECHNICOLOR A PERPETUAL LICENSE FOR PATENTS ACQUIRED IN TRANSACTION​

* INTERDIGITAL INC - ‍WILL BUY TECHNICOLOR’S PORTFOLIO OF MORE THAN 21,000 PATENTS, APPLICATIONS, INCLUDING OVER 2,500 WORLDWIDE VIDEO CODING PATENTS Source text for Eikon: Further company coverage:

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