InterDigital Fails to Find Buyer, Will Pursue Licensing Plans
InterDigital announced that it has completed its review of strategic alternatives and was unable to find itself a buyer. The company hired Evercore Partners and Barclays Capital last July to explore the company's options, with the chief goal of finding a buyer for the company's 19,500 patents. The company said that instead of an outright sale, it will continue to develop its technologies through research and development, and will seek to license its patents to other companies. Many of InterDigital's patents cover technology for transferring information wirelessly, including 2G, 3G, and LTE. InterDigital believes it patent portfolio can create an annual revenue stream of $800 million within three to five years.