InterDigital to Acquire Technicolor's Patent Licensing Business

On March 1, 2018, InterDigital, a mobile technology research and development company, announced that it has made a binding offer to purchase the patent licensing business of Technicolor, a worldwide technology leader in the media and entertainment sector, for $150 million in cash plus future contingent consideration.

As part of the transaction, InterDigital will acquire Technicolor's portfolio of more than 21,000 patents and applications across a broad range of technologies, as well as a licensing team with deep experience in consumer electronics and other technology markets. The agreement also includes a research collaboration that leverages the efforts of hundreds of engineers worldwide. The combination of InterDigital's and Technicolor's licensing businesses in the increasingly complementary areas of mobile technology and video technology will create a world-leading R&D-based licensing enterprise.

The deal is expected to close in mid-2018, subject to certain closing conditions.

The WSGR team advising InterDigital in the transaction includes:

Corporate/M&A:
Martin Korman, Partner
Michael Labriola, Partner
Mark Holloway, Partner
Mark Bass, Associate
Emma Sarkisyan, Associate
Keegan Drake, Associate
John Lynch, Associate

Technology Transactions:
Michael Murphy, Partner
Tracy Rubin, Associate
Alan Ezekiel, Associate
Brandon Palmen, Associate
Fiona Finlay-Hunt, Associate
Sean Withall, Associate

Patents and Innovations:
Peter Eng, Partner

Antitrust:
Stuart Chemtob, Senior Of Counsel
Christopher Williams, Of Counsel

Employee Benefits & Compensation:
David Thomas, Partner
Sriram Krishnamurthy, Partner
Mark Cornillez-Ty, Associate

Employment Litigation:
Matthew Gorman, Associate

Tax:
Gregory Broome, Partner
Timothy Shapiro, Associate

IP Litigation:
Michael Levin, Partner
Matthew Reed, Partner

Regulatory and Compliance:
Larry Perrone, Of Counsel

Real Estate:
Susan Reinstra, Partner
Lee Cumberland, Associate

Read InterDigital's press release for more information.