InterDigital Doubles Stock Repurchase Program to $200 Million

InterDigital, Inc. IDCC today announced that its Board of Directors has authorized an increase to the company's existing stock repurchase program, which was announced May 4, 2012, from $100 million to $200 million. The increase to the share buyback program was made in conjunction with the announcement that certain of the company's subsidiaries had agreed to sell a portion of the company's patent portfolio to Intel Corporation (“Intel”) INTC for $375 million in cash payable at closing.