Intel is to buy “a significant number” of patents (approximately 190 patents and 170 patent applications) and video codec software from RealNetworks for a purchase price of $120 million. Under the terms of the deal, RealNetworks says it retains certain rights to continue to use the patents in current and future products.
Says RealNetworks president and CEO Thomas Nielsen:
“Selling these patents to Intel unlocks some of the substantial and unrealized value of RealNetworks assets. It represents an extraordinary opportunity for us to generate additional capital to boost investments in new businesses and markets while still protecting our existing business.”
In addition to the sale of the patents and software, RealNetworks and Intel agreed to collaborate on future support and development of the video codec software and ‘related products’.