August 17, 2011

#WiLan offers C$480 mln for #patent holder #Mosaid | Business | Reuters

WiLan, which is after Mosaid's nearly 3,000 patents for mobile, semiconductor and other technologies, said it would take the offer directly to Mosaid shareholders after approaching the company on several occasions over recent years to propose a deal.

'It is my belief that to succeed in today's market, bigger is better,' said WiLan Chief Executive Jim Skippen, previously an executive at Mosaid.

Between them, the two Ottawa-area companies hold about 4,200 patents in wireless, wireline, consumer electronics and semiconductor technologies.

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