ARTICLE · 10 MAY 2017

Unwired Planet To Sell Its Patents

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Unwired Planet may also receive up to an additional $10 million in cash on the second anniversary of the closing of the transaction.

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Non-Practicing Entity ("NPE") Unwired Planet has announced that it will sell its patent licensing business for $30 million to Dallas-based Optis UP Holdings, LLC. Unwired Planet may also receive up to an additional $10 million in cash on the second anniversary of the closing of the transaction.

Further details of the sale can be found here.

Unwired Planet has a patent portfolio of approximately 2,500 issued and pending US and foreign patents spanning 2G, 3G, and 4G technologies, as well as cloud-based mobile applications and services.

The sale comes on the back of a second successful UK trial for Unwired Planet which was held in London in February 2016 (details here) and with the next (fourth) UK trial being scheduled for early May 2016.

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