Acacia Research Corporation Announces Adoption of Stock Repurchase Program of up to $70 Million

  Acacia Research Corporation Announces Adoption of Stock Repurchase Program
  of up to $70 Million

Business Wire

NEWPORT BEACH, Calif. -- November 15, 2013

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 $70 million of its common stock through the period ending
May 14, 2014. 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.

ABOUT ACACIA RESEARCH CORPORATION

Founded in 1993, Acacia Research Corporation (NASDAQ: ACTG) is the industry
leader in patent licensing. An intermediary in the patent marketplace, Acacia
partners with inventors and patent owners to unlock the financial value in
their patented inventions. Acacia bridges the gap between invention and
application, facilitating efficiency and delivering monetary rewards to the
patent owner.

For more information, visit: 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, 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
949-480-8300
949-480-8301 (Fax)
or
Media Contact:
SpecOps Communications
Adam Handelsman
President & Founder
212-518-7721
adam@specopscomm.com