Intellectual Ventures acquires hundreds of patents for new troll fund

Gigaom

It’s been a good year for patent trolls, and now the biggest troll of them all wants to keep the party going: a report reveals that Intellectual Ventures has acquired more than 200 new patents, which will help IV extend its legal tentacles in fields like wireless infrastructure and cloud computing.

In case you’re unfamiliar, IV’s peculiar brand of innovation involves acquiring old patents and using them to arm thousands of shell companies, whose sole business is to extract licensing fees from productive businesses.

News of IV’s restocked war chest comes after earlier reports that initial investors, including Apple(s aapl), had declined to participate in IV’s newest trolling fund. According to the report, by law firm Richardson Oliver and spotted by IAM, the fund is on track since IV purchased 16 percent of all available patent packages in the first half of 2014. A chart by the firm suggests it paid $1-$2 million in most cases; here’s a…

View original post 199 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s