IP licensing helps stem BlackBerry’s widened fiscal first quarter 2019 loss

BlackBerry Ltd. (BB), the enterprise software and patent licensing company run by CEO John Chen, said its revenue from licensing intellectual property in the fiscal first quarter of 2019 nearly doubled to $63 million from$32 million, stemming its widened net loss for the quarter. The Waterloo, Ontario-based company said its fiscal 2019 first quarter net [...]

June 22nd, 2018|Categories: earnings, Patent Investing|Tags: , |

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. [...]

June 22nd, 2018|Categories: Patent Investing|Tags: , |

(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 [...]

June 21st, 2018|Categories: Financing, litigation, NPE, Patent Investing|Tags: , |

(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 [...]

June 21st, 2018|Categories: Financing, Patent Investing|Tags: , |

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 [...]

June 20th, 2018|Categories: exec changes, Patent Investing|Tags: , |