Torys Reps Wi-LAN In $490M Offer For Mosaid

Law360, New York (August 17, 2011, 9:26 PM EDT) -- Canadian patent licensing company Wi-LAN Inc. announced Wednesday that it is making an unsolicited all-cash offer to buy fellow licensing company Mosaid Technologies Inc. in a deal valued at about CA$480 million ($490 million).

Wi-LAN said the combination of the two companies would create “a strong, licensing champion with the global scope, scale and expertise to compete more effectively in more global technology markets” in a statement on Wednesday.

Under the terms of the offer, Wi-LAN would purchase all outstanding shares of Mosaid for CA$38 per...
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