Tag - Intellectual Ventures
Two previous investment partners, Apple and Intel, have declined to put money into Intellectual Ventures' latest patent acquisition fund, says Reuters. IV is dedicated exclusively to buying intellectual property, and has so far acquired about 70,000 patents and other forms of IP. It has raised about $6 billion from investment partners in the past, but is looking to pick up another $3 billion. Microsoft and Sony have agreed to participate in the new round of funding.
The long-running smartphone patent court duel between Google's Motorola Mobility and non-practicing entity Intellectual Ventures was declared a mistrial earlier today. A two-week long trial resulted in a hung jury in the Wilmington, Delaware venue, with Judge Sue Robinson making the ruling.
Nvidia and Intellectual Ventures have acquired a sizable patent portfolio from IPWireless. The list of pending and granted patents, totaling approximately 500, consists of wireless communications technologies including essential concepts in 3G, 4G, LTE, and LTE-Advanced. The purchase price of the patents bundle were not disclosed.
Controversial firm Intellectual Ventures has sued three of the major US wireless carriers for patent infringement. The company has filed lawsuits against AT&T, Sprint and T-Mobile, alleging the service providers have improperly used IV's technology related to wireless networks. Verizon has a licensing agreement in place with IV that wasn't named and exempted it from being targeted.
LG on Tuesday said it had reached a patent licensing deal with Intellectual Ventures. The deal gives it access to over 35,000 patents, including outside its usual fields. LG called it a "critical element" to their strategy that would let it defend against lawsuits as well as file countering lawsuits of its own.
Pantech was steered into striking a patent licensing deal with Intellectual Ventures late Wednesday. The pact gives it use of 35,000 patents for defense against the growing rash of patent lawsuits and countersuits. The Korean smartphone maker's IP strategy leader Chadong Hwang spun the deal as one that let it "stay ahead of the curve" and keep making the phones it wanted.
Intellectual Ventures swung back into its patent lawsuit campaign by targeting Motorola Mobility, with the company now filing a patent infringement complaint (PDF) in the US District Court of Delaware. According to the company's Chief Litigation Counsel Melissa Finocchio said Intellectual Ventures and Motorola Mobility weren't able to reach a licensing agreement after lengthy negotiations. It thus has a responsibility to its current customers and investors to defend its intellectual property rights, the company claimed.
Intellectual Ventures late Monday continued a string of lawsuits against technology firms with a new lawsuit (below) claiming companies violate five patents for system memory. The complaint hits direct memory part suppliers such as Adata, Elpida, Hynix, and Kingston but also some of their customers, such as Acer, ASUS, Dell, HP, and Logitech. Even Best Buy and Walmart, stores merely selling the products, are included in the Seattle-based suit.
RIM on Wednesday made a preventative deal with Intellectual Ventures to safeguard itself against patent lawsuits. The BlackBerry creator gets access to about 30,000 patents and can use them either as a defense or as a negotiating strategy for making licensing deals of its own. RIM hasn't given any specific plans.