RPX Corporation Completes Transaction with ZiiLabs
July 10, 2017
RPX Corporation (NASDAQ: RPXC), the leading provider of patent risk and discovery management solutions, today announced that it has completed a patent rights agreement with ZiiLabs, Inc., Ltd, a wholly owned subsidiary of Creative Technology Ltd.
Under the terms of the agreement, ZilLabs will receive a payment from RPX and assign certain rights in its patent portfolio to RPX. Further, all existing disputes involving ZiiLabs’ patents in the International Trade Commission, as well as parallel proceedings in United States District Court, will be resolved. Additional terms were not disclosed.
“By bringing together industry participants in complex transactions such as this one affecting the semiconductor industry, RPX continues to act as a trusted intermediary for licensors and licensees looking to achieve rational and efficient outcomes,” said Marty Roberts, Chief Executive Officer and President of RPX.