27 January 2012 Intel acquires $120m worth of patents from RealNetworks Intel has purchased $120million worth of patents and video codec software from digital media specialist RealNetworks. Under terms of the sale, RealNetworks retains certain rights to continue to use the patents in current and future products. Thomas Neilsen, RealNetworks' president and ceo, said: "Selling these patents to Intel unlocks some of the substantial and unrealised value of RealNetworks assets. 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." According to Intel, the newly acquired patents and video codec software will be used across a range of devices, including its Ultrabook devices, smartphones and digital media. The two companies also signed a memorandum of understanding to collaborate on future support and development of the next generation video codec software and related products. RealNetworks said it doesn't anticipate that the sale of the approximately 190 patents and 170 patent applications and next generation video codec software will have any material impact on its businesses. Renée James, Intel senior vice president and general manager of the Software and Services Group, added: "As the technology industry evolves towards an experience centric model, users are demanding more media and graphics capabilities in their computing devices. The acquisition of these foundational media patents, additional patents and video codec software expands Intel's diverse and extensive portfolio of intellectual property. Author Chris Shaw Comment on this article Websites http://www.intel.comhttp://www.real.com Companies Intel Corporation This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. Enjoy this story? People who read this article also read... NIDays 2013 NIDays is a technical conference designed specifically for ... Read Article Southern Manufacturing This year, Southern Manufacturing and Electronics is set to be ... Read Article Claire Jeffreys, NEW Claire Jeffreys, events director, National Electronics Week, ... Read Article Remotely access up to 16 ... Lantronix is set to launch its latest evolution device/terminal ... Read Article What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.