Seeking Alpha

Reuters: RPX in talks to buy patent data provider

  • Reuters reports RPX (RPXC +0.8%) is in advanced talks to buy PatentFreedom, a provider of subscription-based services that let companies and law firms track the activity of patent owners that could potentially file suits. No word on deal pricing.
  • PatentFreedom's offerings would complement RPX's existing IP-protection services, through which the company buys patents from potential litigants on behalf of clients (in exchange for a fee).
  • The report comes a month after a bill meant to make life more difficult for patent trolls was stalled in the Senate.
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