Icahn Urges Motorola Mobility to Explore Options for Patents
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Billionaire Carl Icahn urged Motorola Mobility Holdings Inc. to explore alternatives for its patents after Nortel Networks Corp. sold wireless-technology intellectual property for $4.5 billion. The stock soared.
Motorola Mobility’s “patent portfolio, which is substantially larger than Nortel Networks’ and includes numerous patents concerning 4G technologies, has significant value,” Icahn said today in a filing. “There may be multiple ways to realize such value given the current heightened market demand for intellectual property in the mobile telecommunications industry.”