Technicolor: disposal of a business is underway
(CercleFinance.com) - After trading on Monday Technicolor announced that it was in talks for the sale of its patent licensing business.
Although this transaction is not guaranteed to be completed, the group has said that it is confident in signing an agreement and also stressed that this transaction is part of its aim to simplify its structure, and to allocate its capital and resources to its operational activities.
As part of these negotiations, Technicolor has suspended commercial discussions regarding the licensing of patents. In addition, Technicolor has reached a settlement agreement with Samsung Electronics under its patent infringement lawsuit in Germany and France.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Although this transaction is not guaranteed to be completed, the group has said that it is confident in signing an agreement and also stressed that this transaction is part of its aim to simplify its structure, and to allocate its capital and resources to its operational activities.
As part of these negotiations, Technicolor has suspended commercial discussions regarding the licensing of patents. In addition, Technicolor has reached a settlement agreement with Samsung Electronics under its patent infringement lawsuit in Germany and France.
Copyright (c) 2017 CercleFinance.com. All rights reserved.