Deals
InterDigital Surges on Report Saying Qualcomm, Nokia May Bid
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InterDigital Inc. surged after Reuters reported that Qualcomm Inc. and Nokia Oyj are among technology companies pondering bids for the company’s assets, citing people familiar with the matter.
InterDigital, which owns about 1,300 patents related to mobile-phone technology, leaped as much as 12 percent to $71.87 in Nasdaq Stock Market trading. The shares have gained about 70 percent since the company said on July 19 it hired Evercore Partners Inc. and Barclays Capital to help explore a potential sale to take advantage of demand for wireless patents.