Nvidia, Intellectual Ventures Scoop Up Some Wireless Patents as Land Grab Continues
The market for wireless patents continues to be hot, hot, hot.
The latest evidence came Monday, as Nathan Myhrvold’s Intellectual Ventures teamed with chipmaker Nvidia to buy approximately 500 patents from IPWireless.
The patents include some related to 3G and 4G technologies, including LTE, the companies said. Terms of the deal, which closed at the end of last month, were not disclosed.
Ownership of the patents will be split between Nvidia and Intellectual Ventures, with Nvidia getting license to all of the patents it didn’t get to purchase.
Intellectual Ventures has already sued several major carriers over patents. In Febuary, it sued Sprint, T-Mobile and AT&T, and last week it added U.S. Cellular to the proceedings. (Verizon Wireless, not named in the suit, is a licensee of Intellectual Ventures.)