Intellectual property business is complicated, secretive, highly speculative and often controversial with lots of private companies, behind-closed-doors deals and as many as 19 diverse business models. On the other hand, this industry boasts high margins and rapid growth. The megatrend of mass aggregators and defensive patent alliances is rapidly changing the landscape of the patent industry.
One of the largest publicly traded intellectual-property licensing companies is Acacia Research Corporation (ACTG). The company is a pure-play patent mass aggregator, also called a "non-practicing entity" or "patent-assertion entity", but derogatively also called a "patent troll" that does not create patents through its own R&D but rather collects royalties from licensing intellectual property that it acquires through purchase...
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