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NEW YORK – Acacia Research Corporation (NASDAQ:) announced that its subsidiary Atlas (NYSE:) Global Technologies LLC (AGT) has successfully completed a license and settlement agreement for its WiFi-6 patent portfolio during the fourth quarter of 2023. Announced. Total payments exceeded $81 million. Specific details about the agreement, including the identities of the parties involved and the amounts of their individual payments, remain confidential.
Funds received from these agreements are net of customary attorney’s fees and other costs. Acacia Research Corporation, trading on NASDAQ under the ticker ACTG, specializes in acquiring and managing businesses in a variety of sectors, including industrial, healthcare, energy, and mature technology. The company is focused on leveraging its capital base and industry relationships to create value based on the core principles of prioritizing people, process and performance.
The recent agreement underscores Acacia’s continued strategy to monetize its intellectual property assets. The firm’s management team, known for its research, transactional and execution expertise, continues to drive its strategic plans. However, the company cautions that forward-looking statements in press releases are subject to a variety of factors and uncertainties that could cause actual results to differ materially from expectations.
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