HTC Dishes Out $75 Million to Bolster Patent Portfolio
HTC is set to acquire a set of 82 patents and 14 patent applications from ADC Telecommunications for a cool $75 million, according to a report out of Digitimes. Sources say the wireless communications technology patents will be used primarily in developing 4G technologies for their upcoming smartphone efforts. The patents should also serve to guard against future lawsuits, though it the new acquisitions won’t do much to help with the current legal battle between HTC and Apple.
[via Digitimes]