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Acacia has acquired the rights to a portfolio of automotive illumination patents from Rambus. The press release announcing the deal states:
The portfolio relates to automotive and vehicular illumination applications including headlights, taillights, and internal and external lighting. As part of this transaction, Rambus received an initial upfront payment and is expected to receive subsequent payments. Specific terms of the transaction are confidential.
If that phraseology sounds familiar, that’s because it is - this is the second privateering-style agreement the two firms have signed off on this year. In March, they announced the following:
Rambus Inc … the innovative technology solutions company, announced today it has transferred a portfolio of patent assets covering display technologies to a subsidiary of Acacia Research Corporation … the leader in patent licensing. As part of this transaction, Rambus received an initial upfront payment and is expected to receive subsequent payments. Specific terms of the transaction are confidential.
One thing is for sure, both sides know patent enforcement and monetisation backwards. They are not doing these deals on a wing and a prayer.
Licensing, Patents, IP business