HTC Shores Up In Legal Fights With 30K-Patent Deal:
In one swift move, HTC may have just diffused what could have become yet another legal bomb: the handset maker yesterday entered into a long-term licensing agreement and strategic alliance with Intellectual Ventures, an IP patent house run by Microsoft’s former CTO, Nathan Myhrvold, and chief architect, Edward Jung. The deal gives HTC access to over 30,000 patents.
The agreement gives HTC the IP it needs to “defend itself and its subsidiaries from potential litigation,” says the joint press release. A value for the deal was not disclosed.