RealNetworks to Sell Patents to Intel

Friday Jan 27th 2012 by Datamation.com Staff
Share:

Intel will pay $120 million for 190 patents, 170 patent applications, and video software.

Wall Street Journal: Intel will pay RealNetworks $120 million to purchase approximately 190 patents and 170 patent applications. Also included in the deal is software that compresses and decompresses video for streaming. In addition, seven RealNetworks employees will go to work for Intel.

The deal is "about realizing this unused asset we've been sitting on for several years," said RealNetworks CEO Thomas Nielsen. "Frankly, we're not in the market of making money off our patents like other companies, so we saw the ability to realize that value without having any material impact on our business."

Share:
Home
Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved