Wi-LAN Urges Mosaid Investors To OK $490M Hostile Deal

Law360, New York (September 9, 2011, 2:17 PM EDT) -- Canadian patent licensing company Wi-LAN Inc. urged shareholders of rival Mosaid Technologies Inc. on Friday to accept its hostile CA$480 million ($490 million) bid for the company.

Wi-LAN challenged Mosaid's arguments against its proposal, calling into question the true value of Mosaid's recently inked deal to buy the licensing rights to a portfolio of wireless technology patents held by Nokia Corp. and Microsoft Corp. Wi-LAN said Mosaid would not see any revenue from the deal for about two years, while it would have to immediately spend...
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