Unwired Planet +68.5% AH on $100M patent sale to Lenovo


Lenovo (LNVGY) is buying 21 patent families from Unwired Planet (UPIP), including ones related 3G and 4G networks.

The deal gives Lenovo, now the world's #5 smartphone vendor (could be #3 after the Motorola Mobility deal closes), more negotiating leverage in cross-licensing deals.

Unwired Planet says it will still have 2.5K issued and pending patents once the deal closes. The company's market cap was only $142.4M as of today's close.

CC at 8:30AM ET tomorrow.

From other sites
Comments (1)
  • Chris DeMuth Jr.
    , contributor
    Comments (10208) | Send Message
     
    Here is one way to exploit such opportunities:

     

    http://bit.ly/1ijrj10
    20 Mar 2014, 06:07 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs