Intel has purchased 190 patents and 170 patent applications from RealNetworks for $120 million.
The patents include technology invented to create next-generation video codecs, which encode or decode video so that it can be sent over networks efficiently. It’s one more example of a giant company “armoring up” to deal with potential patent wars in the future.
As part of the deal, Intel will acquire RealNetworks’ foundational streaming media patents, expanding Intel’s diverse portfolio of intellectual property.
Intel said the deal enhances its ability to “continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and digital media.”
“Selling these patents to Intel unlocks some of the substantial and unrealized value of RealNetworks assets,” CEO Thomas Nielsen said in a statement. “It represents an extraordinary opportunity for us to generate additional capital to boost investments in new businesses and markets while still protecting our existing business.”
The two companies also agreed to collaborate on future support and development of the video codec software and related products.
RealNetworks will retain certain rights to continue using the patents in current and future products.