5:43 p.m. | Updated InterDigital confirmed on Monday that it has called off its patent sale. Terry Clontz, the company’s chairman, said in a statement: “The process over the past six months, although not resulting in an offer for the whole of the company, has helped to reaffirm our belief in the breadth and depth of the patent portfolio, the strength of the R&D team, and our technology vision for the future.
InterDigital plans to announce Monday that it has called off a sales process for its patent portfolio, months after the wireless technology company put its holdings up for auction, people briefed on the matter told DealBook.
The decision by InterDigital followed months of talks with several prospective buyers, following a surge of interest by tech companies in buying up patents. But InterDigital was unable to fetch an offer for the entire portfolio of 20,000 patents, one of these people said.
That portfolio included patents that covered wireless data technology used in smartphones, including the iPhone and various Android devices. InterDigital had sought at least $3 billion for the collection, this person said. They have generated more than $3 billion in revenue through last year.
http://dealbook.nytimes.com/2012/01/23/interdigital-said-to-call-off-patent-sale/
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