InterDigital CEO Says Apple-Samsung Case Providing Boost
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InterDigital Inc. Chief Executive Officer Bill Merritt said Apple Inc.’s legal victory over Samsung Electronics Co. showed the value of patents, helping spur demand for the assets his company plans to sell.
Samsung was ordered to pay Apple about $1 billion on Aug. 24 for infringing intellectual property -- a verdict that validated businesses that rely on innovation, Merritt said yesterday in an interview. InterDigital, a wireless technology developer, has been offering batches of its patents to buyers after abandoning a plan to sell the whole company last year.