IBM Sells DVD Patent Portfolio To Mitsubishi

Law360, New York (August 3, 2005, 12:00 AM EDT) -- International Business Machines has sold a portfolio of 250 patents for DVD-related technologies to Japanese electronics giant Mitsubishi Electric Corp., the company confirmed Wednesday.

The companies refused to divulge the terms of the deal, such as the price Mitsubishi paid for the patent portfolio.

“The DVD patents are not a core asset for IBM, but Mitsubishi is a major player in this area. So it’s a deal that made a lot of sense for both parties,” said Todd Martin, a spokesman for IBM.

He said the...
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