Acacia’s patent portfolio may not be worth more than it’s currently valued by investors

Acacia Research Corp. (ACTG), whose shareholders voted to oust its former executive chairman and another director and replace them with representatives of activist investors Sidus Investment Management and BLR Partners, may not get much value from its patent portfolio given how investors and potential licensees view the portfolio and the state of the patent market. [...]

By | June 22nd, 2018|Patent Investing|0 Comments

(Update3) Fortress and Uniloc have been quietly working together on patents since 2014

Fortress Investment Group, whose IP investing group is run by Eran Zur, has been quietly working with Uniloc Luxembourg SA and Uniloc USA on at least 10 enforcement actions since the two companies signed a revenue sharing and note and warrant purchase agreement on December 30, 2014. The business relationship was first revealed in filing [...]

By | June 21st, 2018|Financing, litigation, NPE, Patent Investing|0 Comments

(Update1) Shares of Acacia-backed Veritone plunge 16% after it prices $30.6M public offering

Veritone Inc. (VERI), the radio advertising platform with artificial intelligence features that is backed by Acacia Research Corp. (ACTG), said it plans to raise $30.6 million from an underwritten public offering. of 1.7 million shares priced at $18. Shares of Veritone plunged 15.9% or $3.45 cents to $18.15 in late morning trading  following the announcement [...]

By | June 21st, 2018|Financing, Patent Investing|0 Comments

Acacia certifies shareholder vote that ousted Executive Chairman Graziadio

Acacia Research Corp. (ACTG), the struggling patent licensing company, said shareholders ousted Executive Chairman G. Louis Graziadio and director Frank Walsh in favor of Al Tobia Jr. and Clifford Press, who were nominated by activist investors Sidus Investment Management and BLR Partners LP. Newport Beach, California-based Acacia said Tobia, who runs New York-based Sidus, was [...]

By | June 20th, 2018|exec changes, Patent Investing|0 Comments

HGGC completes $10.50 a share $555M tender offer and acquisition of RPX

Middle market private equity firm HGGC LLC, run by CEO Rich Lawson, said today it completed its $10.50 a share, $555 million tender offer for RPX Corp. and acquired the struggling patent aggregator and provider of litigation loss control services. Palo Alto, California-based HGGC and San Francisco-based RPX, run by CEO Martin Roberts, said in [...]

By | June 19th, 2018|Patent Investing|0 Comments

Veritone may raise $50M in equity distribution managed by JMP Securities

Veritone Inc. (VERI), the radio broadcast advertising platform with artificial intelligence features that is partially owned by Acacia Research Corp. (ACTG), said it plans to raise up to $50 million issuing comm0n stock distributed by JMP Securities LLC. "We have entered into an Equity Distribution Agreement, or Distribution Agreement, with JMP Securities LLC, or JMP [...]

By | June 18th, 2018|Financing, Patent Investing|0 Comments

Immersion signs haptics licensing agreement with Japan’s Calsonic Kensei

Immersion (IMMR), the developer and licensor of touch feedback or haptic technology run by interim CEO Carl Schlachte, said it has signed a license agreement with Calsonic Kansei Corp., a Japanese global automotive components manufacturer. San Jose, California-based Immersion didn't disclose the terms of the transaction. The company said in a statement that under the agreement [...]

By | June 18th, 2018|licensing agreement, Patent Investing|0 Comments

Incoming WiLAN CEO Keaton Parekh sees ‘innovation’ as key to its future success

Keaton Parekh, the incoming CEO of WiLAN Inc., the patent licensing unit of Quarterhill Inc. (QRTH), said he will be looking to build new opportunities with a focus on "innovation" as he drives the business forward. In a phone interview, Parekh said it’s clear that the patent licensing business has undergone significant changes since he [...]

By | June 17th, 2018|exec changes, Patent Investing|0 Comments

(Update3) Activists Sidus and BLR succeed in pushing out Acacia’s Graziadio and Walsh

Activists Sidus Investment Management LLC, run by Al Tobia Jr., and BLR Partners LP, run by Bradley Radoff, have succeeded in their proxy battle to unseat Acacia Research Corp. (ACTG) Executive Chairman G. Louis Graziadio III and director Frank Walsh. Sidus and BLR said that, based on the preliminary report provided by their proxy solicitor, [...]

By | June 14th, 2018|exec changes, Patent Investing|0 Comments

(Update4) Lumileds chief IP officer Keaton Parekh named CEO of WiLAN

Quarterhill Inc. (QTRH), the diversified holding company, said it appointed Keaton Parekh, an executive with extensive experience in technology strategy and licensing, as president and CEO of its patent licensing subsidiary WiLAN Inc. effective July 9, 2018. The Ottawa, Ontario-based company also said that Executive Chairman Jim Skippen, who had been interim CEO of WiLAN [...]

By | June 14th, 2018|exec changes, Patent Investing|0 Comments