Intel to buy 190 patents and video codec software from RealNetworks for $120 million

Intel and RealNetworks announced on Thursday that Intel will purchase video codec software, 190 patents and 170 patent applications from RealNetworks for a total of $120 million. “We believe this agreement enhances our ability to continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and digital media,”�said�Renee James, Intel senior vice president and general manager of the Software and Services Group. The two companies also agreed to work together on future advancements in video codec software. “RealNetworks does not anticipate that the sale of the approximately 190 patents and 170 patent applications and next generation video codec software will have any material impact on its businesses,” the

Source: http://www.bgr.com/2012/01/26/intel-to-buy-190-patents-and-video-codec-software-from-realnetworks-for-120-million/

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