Acacia Technologies Completes Acquisition Of Rights To 27 Patent Portfolios; Acquisition Expands Revenue Generating Opportunities
Published: Jan 31, 2005
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 31, 2005--Acacia Research Corporation (NASDAQ:ACTG)(NASDAQ:CBMX) announced today that it has acquired the assets of Global Patent Holdings, LLC, a privately held patent holding company based in Northbrook, Illinois, which owns 11 patent licensing companies including TechSearch, LLC (www.techsearch-llc.com). Acacia had previously announced the signing of a binding letter of intent, subject to Acacia's due diligence which was recently completed. The acquisition gives the Acacia Technologies Group ownership of companies that control 27 patent portfolios, which include 120 U.S. patents and certain foreign counterparts, and cover technologies used in a wide variety of industries.