Posts Tagged: "acquisition"

Seven Steps to Cohesively Combining In-House Legal Departments in a Merger or Acquisition

Companies involved in a merger or acquisition often bring respective legal departments that must be combined after the M&A transaction closes. This presents a singular opportunity to build a new legal department that assimilates the best aspects of each legacy department and offers attorneys and other legal professionals an enhanced career platform. However, if the integration process is not carefully managed, that opportunity can be missed, limiting the potential of the new department, individual team members, and the business at large.

InterDigital Acquires Technicolor Patent Portfolio for Over $150 Million

InterDigital will end up acquiring more than 21,000 global patent assets from Technicolor, more than doubling InterDigital’s current portfolio of 19,000 patent assets. This includes more than 2,500 Technicolor patents which cover video coding technologies… As part of this transaction, Technicolor and InterDigital will also enter into a perpetual grantback licensing agreement, which will give Technicolor freedom to operate its remaining businesses and benefit from existing and future patents.

Didi Chuxing acquires 150 patents in automotive, self-driving space

International patent brokerage and Intellectual Property advisory firm Tangible IP is poised to announce that it has successfully brokered the sale of a patent portfolio of close to 150 patent assets previously owned by French Sovereign Patent fund (SPF) France Brevets. Financial details of the agreement will not be disclosed. A quick search on the U.S. patent database indicates that the buyer of these patent assets is Didi Chuxing, one of Uber’s major competitors in Chinese market.

Broadcom Issues ‘Best and Final Offer’ to Acquire Qualcomm, Values Qualcomm at $121 Billion

Broadcom’s latest bid increases the value of its proposed purchase agreement up from $70 in cash and stock per share up to $82 in cash and stock per share in a deal that would be valued at more than $121 billion. Broadcom’s first takeover bid came last November, originally offering $60 in cash and $10 in Broadcom stock per Qualcomm share. This most recent Broadcom bid retains the $60 in cash per share while increasing the value of Broadcom stock offered up to $22 per share. As a Broadcom press release announcing the increased bid notes, this $82 per share total represents a 50 percent premium over the closing price of Qualcomm shares on November 2nd, 2017, the last trading day unaffected by media speculation of the potential Broadcom buyout.

Broadcom Announces Bid Valued at $130 Billion to Buy American Semiconductor Giant Qualcomm

On Monday, November 6th, Singapore-based semiconductor designer Broadcom (NASDAQ:AVGO) announced that it had offered a proposal to acquire San Diego, CA-based semiconductor rival Qualcomm (NASDAQ:QCOM). The deal values Qualcomm at about $130 billion and Broadcom would pay $70 per share; stockholders would receive $60 in cash and $10 in Broadcom shares in the deal. That $70 per share price was higher than Qualcomm’s per share price on November 6th, when it popped above $65 per share early in the day before declining towards $62 by midday trading. According to Broadcom’s press release on the news, its proposal represents a 28 percent premium over the closing price of Qualcomm stock on Thursday, November 2nd.