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Intel Buys RealNetwork Patents For $120M

1/26/2012 01:34:49 PM Eastern

Seattle - RealNetworks announced today that Intel purchased
190 patents and an upcoming video codec for $120 million.

In addition, the two companies entered into a memorandum of
understanding to collaborate on future develop of video codec software and
related products.

According to Intel, the agreement gives it 190 patents, 170
patent applications worldwide, and RealNetworks next-generation video codec
software. The patents center on foundational streaming media and, Intel said,
will help the company offer better video experiences through Ultrabooks, smartphones
and other digital media devices.

At
International CES earlier this month Intel discussed its upcoming processors
that will be used in smartphones, tablets and ultraportable laptops. According
to the Wall Street Journal, seven RealNetworks employees will join Intel under
the deal.