Following a disappointing 2013, Wi-Lan's (NASDAQ:WILN) Board of Directors embarked on a strategic alternatives review. With the setbacks that Wi-Lan was experiencing, its Board of Directors believed that alternatives should be examined. The plan was to look at any and all options, including a sale of the company, in an effort to maximize value for shareholders.
During the review period, Wi-Lan generated a good amount of positive news. In both Q4 2013 and Q1 2014, Wi-Lan had strong revenue and positive GAAP earnings. It expanded the breadth of its patent portfolio and signed many new licensing deals. The company also received good news in ongoing disputes with Apple (NASDAQ:AAPL).
On May 14th, the company announced...
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