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Invensas Purchases MoSys Patents For $35 Million

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Invensas, a wholly owned subsidiary of Tessera Technologies, purchased 43 United States and 30 foreign memory technology patents from MoSys for $35 million in cash. MoSys has retained a royalty-free license to the patents to cover its Bandwidth Engine product line and technology partners, along with related rights to offer sublicenses to current and future partners.

Simon McElrea (president, Invensas): The combination of the retained license and the non-dilutive source of funding made this transaction very appealing.

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