Nokia goes on patent offensive, transfers patents to troll company

After a half a billion pay-off by Apple Nokia has decided it could earn a significant chunk of money from actively litigating with its patents, and have decided to avoid retaliation and countersuits by off-loading the patents and the suing to Canadian holding company Mosaid.

Mosaid has previously issued patent infringement lawsuits against Dell, HTC, Sony Ericsson, Research In Motion, Huawei Technologies, Wistron, ASUSteK, Asus Computer, Lexmark, Canon, Canon and Intel – to name a few.

Nokia has transferred 2000 patents to the company cost-free, and expects to earn 66% of the settlements the company achieves.

The move comes at a time when Nokia’s market share and income is flagging, and presumably is the result of increasing pressure from share holders to produce more revenue from the company’s assets.

Expect the number of cases filed agaisnt the likes of HTC, Motorola and Samsung to increase dramatically.

Read more at TNW here.

 

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