Technicolor: sells patent licensing business
(CercleFinance.com) - Technicolor has announced an exclusive agreement with InterDigital, whereby it will irrevocably commit to acquiring Technicolor's patent licensing business, which is valued at approximately 475 million dollars, with an upfront payment of 150 million dollars.
This sale will be accompanied by a financial support agreement for research enabling Technicolor's research and innovation laboratories to develop collaborative research programs with InterDigital's laboratories.
This transaction concludes Technicolor's strategic refocusing on its operational activities. The group thus simplifies its structure and will allocate its capital and resources to its main operational activities (entertainment and smart home services).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This sale will be accompanied by a financial support agreement for research enabling Technicolor's research and innovation laboratories to develop collaborative research programs with InterDigital's laboratories.
This transaction concludes Technicolor's strategic refocusing on its operational activities. The group thus simplifies its structure and will allocate its capital and resources to its main operational activities (entertainment and smart home services).
Copyright (c) 2018 CercleFinance.com. All rights reserved.