Law360, New York (January 13, 2012, 2:38 PM ET) -- Fast-growing technology licensing company Acacia Research Corp. has agreed to buy Adaptix Inc. and its treasure trove of 4G wireless patents from private equity firm Baker Capital Corp. for $160 million, Acacia said Friday.
Of the purchase price, $15 million will be held in escrow for 18 months as collateral to satisfy any indemnification obligations, the company said in a filing with the U.S. Securities & Exchange Commission.
The move is the latest in Acacia's plan to grow its massive patent licensing business. Adaptix has one...
Acacia Nabs Wireless Co., 4G Patent Cache For $160M
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