Technicolor in “advanced stages” of talks to sell off patent licensing business, CEO says 19 Dec 17
Yesterday, Technicolor told investors that it is negotiating a “strategic transaction” relating to its patent licensing business. In a subsequent call with analysts, CEO Frederic Rose suggested that that transaction would take the shape of an outright sale of the company’s patent licensing business to an unnamed buyer. The news means a major corporate player is getting out of the licensing game, and it also signals an uncertain future for one of Europe’s top in-house licensing teams, currently led by Deirdre Leane.
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