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Ericsson Agrees To Sell Patent Portfolio to Unwired Planet
- Client News
- January 10, 2013
Paul, Weiss client Ericsson announced that it has entered into an agreement to sell 2,185 issued U.S. and international patents and patent applications to Unwired Planet, Inc. The portfolio includes patented inventions related to telecommunications infrastructure and the mobile internet technologies, such as GSM, GPRS, EDGE, WCDMA and LTE, as well as many other patented inventions that are widely implemented in many popular wireless devices and mobile industries.
Unwired Planet will compensate Ericsson with certain ongoing rights in future revenues generated from the patent portfolio. Unwired Planet will also grant Ericsson a license to Unwired Planet's enlarged patent portfolio. Following the transaction, Unwired Planet will execute a strategy as a long-term industry platform for the realization of intellectual property value. The transaction is subject to anti-trust approval.
The Paul, Weiss team included corporate partners Dale Sarro and Marilyn Sobel, counsel Richard Elliott and Ji Lu and associates Justin H. Haan and Ben Leese; intellectual property partner Charles H. Googe, Jr. and associate Menachem Kaplan; bankruptcy partner Stephen Shimshak and counsel Diane Meyers; tax partner Richard Bronstein and associate Joy Zhang; antitrust counsel Didier Malaquin; and litigation partners Stephen Lamb, Catherine Nyarady and Joseph Simons and associate Joseph L. Christensen.