US company Universal Display Corporation (UDC) has acquired a patent portfolio relating to organic light-emitting diode (OLED) technology from Germany’s BASF for €87 million (approximately US$96 million). The deal shows that even in today’s tough climate, there is still appetite for high-value patent purchases if the right conditions exist.
In early June, over 500 of the world’s IP thought leaders travelled to Barcelona to participate in IPBC Global 2016. With the focus of the event very much on strategic IP management and value creation, talk inevitably turned towards the patent transactions market. Here are a few of the event’s key takeaways relating to buying and selling patents.
The Japan Patent Office (JPO) recently published an overview of the findings of its 2015 IP activity survey. Highlighting trends in IP management and value creation strategy among Japanese organisations, the survey results indicate that rights holders in the country are increasingly seeking to extract additional value from their portfolios. As they do so, they are potentially creating rich opportunities for prospective buyers on the lookout for patents.
Hugo Barra, vice president of global operations at Chinese consumer tech titan Xiaomi, seems to get asked the same question every time he faces journalists: “When is the company going to launch in the United States?”