In a press release today, King of Prussia-based mobile hardware maker InterDigital announced that it was considering “potential strategic options” for the company – a fancy way of saying that the company is for sale. From the release:
Basically, the company feels that the patents held by the company are more valuable now than ever before. According to the Business Journal, the company’s stock was up on the news as well as news that Apple has purchased 6,000 patents from Nortel Networks for $4 billion.
Maybe one of Apple’s competitors will counter by purchasing InterDigital?
Disclosure: InterDigital was a sponsor of Switch Philly during Philly Tech Week and this reporter handled the relationship with the company’s public relations firm.