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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