Qualcomm, Apple, & Nokia Reportedly Still Considering InterDigital Buyout

Qualcomm (NASDAQ: QCOM), Apple, (NASDAQ: APPL) and Nokia (NYSE: NOK) are deciding if buying wireless technologies specialist InterDigital (NASDAQ: IDCC) makes sense, according to a report in Reuters.

InterDigital, based in King of Prussia, PA, generates most of its revenue from its portfolio of nearly 9,000 wireless technology patents. The company, which opened a new R&D outpost in San Diego just a few months ago, hired two investment banking firms last month to explore its strategic options.

Reports that Google was in talks to acquire InterDigital sent the company’s stock soaring last month. Google then surprised many earlier this week by instead acquiring Motorola Mobility for $12.5 billion. Analysts have cited Motorola’s extensive patent portfolio as a key factor in the deal.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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