Xperi Holding Corp. on Monday completed the spinoff of its intellectual property licensing business, sending its stock plunging.
The IP side of the business is now known at Adeia Inc. and is led by Paul Davis, Xperi's former chief legal officer who was promoted to be the new company's CEO in May. Adeia says it has an IP portfolio of over 9,500 media and semiconductor patent assets. It says its"internal innovation engine" accounts for about 85% of its patent portfolio.
Shares of Adeia jumped by about 92% in their debut and added another 12% in early trading on Tuesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBRE Group Inc. report finds younger inventory driving demand, more industrial projects to the Valley - Phoenix Business JournalThe relatively young overall age and smaller size of the Phoenix market's industrial space inventory means there is plenty of room to grow — in fact, only one other industrial market in the country has a younger industrial inventory. It also means the Valley has what industrial tenants are looking for, experts say.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Intel files for Mobileye IPO that may raise up to $2.5 billion - Silicon Valley Business JournalIt's estimated that the offering may raise up to $2.5 billion, which would top the $1 billion IPO by investment firm TPG Inc. in January and the $1.7 billion one by life and asset management business Corebridge Financial Inc. last month.
Source: svbizjournal - 🏆 334. / 59 Read more »
Poshmark to be bought by South Korean internet company Naver in $1.2 billion dealOnline secondhand-fashion marketplace Poshmark has agreed to be bought by South Korean internet company Naver in a $1.2 billion deal, the two companies announced Monday.
Source: MarketWatch - 🏆 3. / 97 Read more »