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.
Showing posts with label Canada. Show all posts
Showing posts with label Canada. Show all posts
August 17, 2011
#WiLan offers C$480 mln for #patent holder #Mosaid | Business | Reuters
Wi-LAN, #Mosaid deal would create #patent powerhouse - The Globe and Mail
One of Canada’s two biggest patent-licensing companies is making a $480-million offer for the other, highlighting the seemingly unquenchable appetite for intellectual property rights in the technology industry.
Wi-LAN Inc. announced Wednesday it intends to make an offer of $38 per share for Mosaid Technologies Inc., another patent-licensing company headquartered just a few blocks away. The offer represents a 20-per-cent premium above Mosaid’s closing price Wednesday.
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