FTC Says Bosch's $1B SPX Buy Contingent On Patent Licensing

Law360, New York (November 26, 2012, 7:18 PM EST) -- The Federal Trade Commission has cleared Robert Bosch GmbH's $1 billion purchase of SPX Service Solutions U.S. LLC under the condition that the German automotive parts maker license standards-essential patents to its competitors and sell off its air conditioner repair equipment business, the agency said Monday.

Under the terms of the proposed settlement, Bosch must pledge to license standards-essential patents on fair, reasonable and nondiscriminatory — FRAND — terms to any third party that wishes to use such patents to make air conditioning recycling, recovery and...
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