Lenovo buys mobile technology patents for 100 million dollars

March 21, according to foreign media reports, mobile patent licensing company Unwired Planet and Lenovo announced today, Lenovo has agreed to buy from Unwired Planet A group of patented portfolio products, the total price of about 100 million U.S. dollars, the deal will be paid in cash.

Lenovo's patent portfolio includes 21 patents held by Unwired Planet, including 3G and LTE mobile technology and a number of other important mobile patents.

"The investment will be Lenovo's expansion of existing patented products that will help the company grow well and promote the company's development of more world-class handsets and mobile PCs for emerging markets," said Jay Clemens, Lenovo's general adviser, Jes Clemons. Philip Vachon, chairman of the Unwired Planet Board, said: "We are delighted to reach an agreement with one of the world's leading technology companies, and we wish Lenovo every success in the future." ”

According to the agreement between the two sides, Lenovo has the right to use Unwired Planet Mobile patent portfolio for more than a year. The deal is expected to be completed in 30 days.