WiLAN Looking to Sell Unwanted Patents
Published on: 15th May 2014
Patent holding company WiLAN has announced that it is looking to sell some of its patent assets as the company seeks to reduce the risks associated with its business model of suing companies for patent infringements.
Following a review of its business operations, the company is going to cut back on buying patents from other companies and will be looking to jointly share revenues from patent licenses that it can sign up.
It will also revamp how it licenses patents in future so that companies are able to license smaller chunks of a portfolio rather than being forced to take the entire lot.
As for legal issues, the company is going to look for lawyers willing to absorb some of the risks associated with potentially losing a patent infringement lawsuit.
WiLAN has a number of patent lawsuits outstanding, and recently won a review of a case it lost against Apple where it was seeking USD250 million in damages. The loss of that lawsuit prompted the review of its business model earlier this year.