Technicolor sells Patent Licensing business to InterDigital
March 2, 2018
Technicolor has confirmed it will enter into an exclusive agreement pursuant to which InterDigital, a mobile technology research and development company, commits to acquiring its Patent Licensing business.
Technicolor will maintain its Research & Innovation organisation to assert its strong competitive technological differentiation for its operating businesses while engaging in funded research with InterDigital.
Commenting on the transaction, Frederic Rose, Technicolor’s CEO stated: “This agreement will allow us to fully focus on our core operating businesses and includes a collaborative research program built up on the strength of our research and innovation teams. In InterDigital, a worldwide leader in Patent Licensing, we have found the right partner for our Patent Licensing business. Going forward, we will benefit from the demonstrated strength of InterDigital’s focused, R&D-backed licensing business to collect future revenue streams. Furthermore, I’m confident that joining InterDigital is a great opportunity for our Patent Licensing employees who will be able to continue to develop their unrivalled expertise.”
William J. Merritt, President and CEO of InterDigital, added: “Technicolor has long been a world-leading research contributor in key technology areas; there is no one like them in video technologies. For InterDigital’s mobile device customers, the combination will mean greater value, and a broader range of technologies that can form the basis for partnership, collaboration, and deeper, more productive relationships. The transaction also rapidly expands our applicable markets. Among the added value will be the combined research capability of Technicolor and InterDigital, who deeply respect each other’s research capabilities and anticipate strong results from the collaboration between the two companies.”