“Shares of patent-owner InterDigital are slumping after Google says it’s buying Motorola Mobility in the search giant’s biggest acquisition ever,” Shara Tibken and Shira Ovide report for The Wall Street Journal.
The Wall Street Journal last month reported Google was taking a look at buying InterDigital, after the search giant lost out on a valuable auction for patents owned by Nortel,” Tibken and Ovide report. “But it seems the market thinks Google might be sated with its purchase of Motorola Mobility, which also owns a bundle of patents on telephone technology.”
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Tibken and Ovide report, “InterDigital shares have slipped about 20% in pre-market trading. Shares had soared 82% in the year-to-date through Friday’s close.”
Full article here.