During this crisis period Nokia is required to get rid of some of its popular units. One of them is Core Licensing. So now the 2,000 patents that used to be the property of Nokia are moved to Canada-based Mosaid, which acquired Core Licensing. These patents are mainly dealing with mobile and wireless technologies.
Core Licensing is going to function as a unit of Mosaid. Mosaid in its turn is not going to pay Nokia for the use of the patents, still in case of patent lawsuits and settlements from patent infringers, the company should be willing to transfer 2/3 of income to Nokia and Microsoft. And this is a rather tricky solution, as Mosaid used to have winning lawsuits against Dell, HTC, Sony Ericsson, RIM and a large list of other major manufacturers. Except this Mosaid is planning to get more revenue from the company, than in its latest 30+ years of functionality.
But there’s another interesting news concerning Mosaid itself. Wi-Lan, which is another Canadian patent licensing company is planning to acquire Mosaid. If this deal ends up successfully, Coral Licensing is going to be transferred to another interested party.
