techPowerUp!: (PR) NVIDIA and Intellectual Ventures Partner to Acquire Portfolio of Wireless Patents

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(PR) NVIDIA and Intellectual Ventures Partner to Acquire Portfolio of Wireless Patents May 14th 2012, 13:14 NVIDIA and Intellectual Ventures today announced that they have jointly acquired a set of patents developed and owned by IPWireless. The portfolio comprises approximately 500 patents granted and pending in the wireless communications area, including essential concepts in LTE, LTE-Advanced and 3G/4G technologies. Terms of the acquisition, which closed on April 30, 2012, were not disclosed. Ownership of the patents was split between NVIDIA and IV, with NVIDIA licensing the rights to those patents that it did not acquire. As part of the acquisition, IPWireless retains perpetual, royalty-free access to these patents.

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