March 1 (Reuters) - InterDigital Inc:
* INTERDIGITAL MAKES BINDING OFFER TO ACQUIRE TECHNICOLOR’S PATENT LICENSING BUSINESS, WILL COLLABORATE WITH TECHNICOLOR ON VIDEO RESEARCH
* INTERDIGITAL INC - MADE A BINDING OFFER TO PURCHASE PATENT LICENSING BUSINESS OF TECHNICOLOR FOR $150 MILLION IN CASH PLUS FUTURE CONTINGENT CONSIDERATION
* INTERDIGITAL INC - ALSO EXPECTS NET IMPACT OF TRANSACTION ON ITS CORE OPERATING EXPENSES TO BE MODEST
* INTERDIGITAL- TECHNICOLOR TO RECEIVE 42.5% OF ALL FUTURE CASH RECEIPTS FROM CO‘S NEW LICENSING EFFORTS IN CONSUMER ELECTRONICS FIELD
* INTERDIGITAL - UNDER DEAL, THERE IS NO REVENUE SHARING ASSOCIATED WITH CO‘S MOBILE INDUSTRY LICENSING EFFORTS
* INTERDIGITAL INC - AS PART OF DEAL, CO WOULD ALSO GRANT BACK TO TECHNICOLOR A PERPETUAL LICENSE FOR PATENTS ACQUIRED IN TRANSACTION
* INTERDIGITAL INC - WILL BUY TECHNICOLOR‘S PORTFOLIO OF MORE THAN 21,000 PATENTS, APPLICATIONS, INCLUDING OVER 2,500 WORLDWIDE VIDEO CODING PATENTS Source text for Eikon: Further company coverage: