Tuesday, April 26, 2011

Google offers $2.05 mn for Modu’s patents

Google is offering US$2.05 million for the patents of failed mobile phone developer Modu.
Google submitted the offer to the Tel Aviv District Court, which is handling Modu’s liquidation.
Google topped the previous offer of US$1.46 million made by Kensington Technology in late March. In December 2010, the court appointed a receiver for Modu, founded by Dov Moran, and the company’s employees petitioned for its liquidation.
The company registered over 100 patents in its three years of operations, and they constitute its main asset.