Managing Intellectual Property

$6m patent portfolio sold at auction

03 April 2008

James Nurton, San Francisco

A mystery buyer yesterday spent a record $6 million buying a portfolio of 82 patents at an IP auction

The portfolio was sold at the Ocean Tomo Spring 2008 IP Auction in San Francisco. The patents related to processing of digital data in bitstreams.

The buyer, bidding anonymously by telephone, outbid a competing bidder in the room, whose highest bid was $5.1 million.

The...



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