In a move that will transform it into a patent holding firm, InsWeb (INSW) agrees to sell...


In a move that will transform it into a patent holding firm, InsWeb (INSW) agrees to sell substantially all of its remaining assets to its online peer Bankrate (RATE) for $65M in cash. The company will retain its patent portfolio, which it will license to Bankrate on a perpetual, royalty-free and non-exclusive basis.

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