Frequent patent attacker Mosaid bought, stops Wi-LAN buyout

A common source of mass patent violation lawsuits, Mosaid, was bought out on Friday by private equity group Sterling Partners. The deal, worth about $590 million Canadian ($594 million US), will see Sterling take on the task of managing 2,000 Nokia patents as well as the others that Mosaid owns. Both Nokia and its new mobile OS partner need to approve the deal, which should close if approved in December of January.
The acquisition of the Ottawa, Canada company was likely made under the threat of a hostile takeover from Mosaid's local neighbor, Wi-LAN. The rival has tried twice to make offers. Wi-LAN had still left an offer on the table, but Mosaid's board was unanimously urging share owners ... »read more

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