Unwired Planet, an intellectual property company focused exclusively on the mobile industry, will sell its patent and trademark assets to Optis UP Holdings for $30 million in cash and up to an additional $10 million in cash on the second anniversary of the closing of the transactions.
Unwired Plantet claims approximately 2,500 issued and pending US and foreign patents, includes technologies that allow mobile devices to connect to the Internet and enable mobile communications. The portfolio includes patents related to key mobile technologies, including baseband mobile communications, mobile browsers, mobile advertising, push notification technology, maps and location based services, mobile application stores, social networking, mobile gaming, and mobile search.
