Aware Announces Sale Of Selected Patents to Intel
Aware (NASDAQ: AWRE) announced Friday that it has signed an agreement for the sale of selected patents and patent applications to Intel Corporation (NASDAQ: INTC) for approximately US $75,000,000, subject to customary closing conditions and any required regulatory approvals. The patents and patent applications relate to WiFi (802.11n/ac), LTE and Wireline Home Networking. The sale is part of our patent management operation's efforts to sell and/or license portions of our patent portfolio. Global IP Law Group, LLC represented Aware in this transaction.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.