HTC has reportedly decided to complete its purchase of S3 Graphics, an acquisition that will help it better its position in its patent fight with Apple.
HTC’s general counsel, Grace Lei reportedly announced company’s plans to acquire S3 Graphics during the company’s annual shareholders’ general meeting.
“We think S3’s patent portfolio is valid and strong, and we have decided to complete the purchase of S3 after cautious assessment,” she said.
S3 currently owns around 270 patents, some of which are licensed out to other companies such as Microsoft, Nintendo and Sony. The acquisition will give HTC control over those patents, which will better its position in its patent-based lawsuits,… Continue reading…
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