Mosaid says Google bought patents for $11M

Dylan McGrath, EETimes
9/28/2011 5:30 PM EDT

SAN FRANCISCO—Canadian IP licensor Mosaid Technologies Inc. said Wednesday (Sept. 28) that Google Inc. recently bought five patent families from the firm for $11 million.

Mosaid (Ottawa, Canada) said earlier this month that it sold five patent families that were not currently generating revenue to an unnamed buyer. On Wednesday, a spokesperson for the firm confirmed that Google was the buyer.

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