March 1, 2018 / 6:16 PM / 4 months ago

InterDigital to buy Technicolor's patent licensing business

March 1 (Reuters) - French media and entertainment company Technicolor said on Thursday that Interdigital had agreed to buy its patent licensing business.

The transaction values the Technicolor business at about $475 million and includes an upfront payment of $150 million, Technicolor said. (Reporting by Piotr Lipinski in Gdynia Editing by Edmund Blair)

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