Acacia Research Corporation Announces Adoption of Stock Repurchase Program of up to $100 Million

  Acacia Research Corporation Announces Adoption of Stock Repurchase Program
  of up to $100 Million

Business Wire

NEWPORT BEACH, Calif. -- November 16, 2012

Acacia Research Corporation (Nasdaq: ACTG) announced today that the Company’s
Board of Directors has authorized a program for repurchases of shares of the
Company’s outstanding common stock. The stock repurchase program will be put
into effect immediately.

Under the stock repurchase program, the Company is authorized to purchase in
the aggregate up to $100 million of its common stock through the period ending
May 15, 2013. Repurchases may be made from time to time by the Company in the
open market or in block purchases in compliance with applicable Securities and
Exchange Commission rules.

Acacia Research Corporation CEO, Paul Ryan, commented, “The Board
authorization to repurchase shares is an attractive opportunity to enhance
stockholder value. Acacia’s strong balance sheet with $410 million in cash and
investments and no debt provides us with plenty of capital to grow the
business while also reducing the share count. Acacia has invested $214 million
in new patent assets during 2012 and has generated record revenues of $185
million for the first 9 months of 2012, which already surpasses our previous
full-year record revenue of $172 million generated last year. Acacia continues
to see an acceleration of opportunities to grow its business and as the market
leader its subsidiaries now control 250 different patent portfolios.”

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research Corporation’s subsidiaries partner with inventors and patent
owners, license the patents to corporate users, and share the revenue. Acacia
Research Corporation’s subsidiaries control 250 patent portfolios, covering
technologies used in a wide variety of industries.

Information about Acacia Research Corporation and its subsidiaries is
available at www.acaciaresearchgroup.com and www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This news release may contain forward-looking statements within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Such statements, including those related to capital needed for growth
and the opportunities for growth, are based upon our current expectations and
speak only as of the date hereof. Our actual results may differ materially and
adversely from those expressed in any forward-looking statements as a result
of various factors and uncertainties, including the recent economic slowdown
affecting technology companies, our ability to successfully identify and
acquire new patent assets, our ability to develop products, rapid
technological change in our markets, changes in demand for our future
products, legislative, regulatory and competitive developments and general
economic conditions. Our Annual Report on Form 10-K, recent and forthcoming
Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A,
and other SEC filings discuss some of the important risk factors that may
affect our business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any forward-looking
statements for any reason.

Contact:

Acacia Research Corporation
Rob Stewart
Investor Relations
Tel: 949-480-8300
Fax: 949-480-8301
or
Media Contact:
SpecOps Communications
Adam Handelsman
President & Founder
212-518-7721
adam@specopscomm.com