Gametime IP has received an exclusive advanced look at an offer that will debut later today featuring licenses and covenants not to sue for valuable patent portfolios targeted at top operating companies around the world. According to the source:
The offer will be directed at any operating company desiring to take a license to some, or all of the patents being offered. The offers will be made by top patent owners in a number of technology categories, and will bundle licenses together between patent owners in most cases.
The patent owners, working under the advice of an anonymous IP monetization advisor, have tapped group-discount giant Groupon to manage the licensing sale, which will kick off later today. About this, I was told:
We selected Groupon because of their expertise in the group-discount area, their demonstrated ability to publicize and close deals, and the strength of their patented group-buying methods.
The discount will comprise an unprecendented “10 for 1” offering, whereby companies can acquire $10,000,000 worth of licenses and covenants for a mere $1,000,000. In addition, I’m told that customers will even be able to combine licenses from various portfolios, regardless of ownership, in order to identify the licenses and covenants they need.
UPDATE: For more information about this offer, click here.