So, the student of war who is unversed in the art of war of varying his plans … will fail to make the best use of his men.
– Sun Tzu
According to a statement issued today, Walker Digital “commenced the first sales of certain portions of its patent portfolio as part of its patent monetization program announced earlier this year.” Some may remember that the entire portfolio was on the auction block last summer, and while bidding reportedly reached $135 Million, no sale was made.
Since announcing IP Nav as its monetization advisor in January of this year, Walker Digital has obtained significant offers from operating companies wanting freedom to operate under certain portfolios and initiated a patent litigation effort of historic proportions. Jon Ellenthan, President of Walker Digital, said “the sale of a significant number of our patents and applications to interested parties is a natural next step of the monetization process.”
Although the patents sold by Walker Digital have not been identified, this demonstrates another aspect to the balanced monetization efforts, recognizing the importance of diversifying the assets to maximize effectiveness. Are more announcements expected? Erich Spangenberg, CEO of IPNav, said “We have received numerous indications of interest from third parties and look forward to continuing to execute on this phase of the process.”
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