LG Electronics and Intellectual Ventures have entered into a license agreement. The deal provides LG with a license to IV’s patent portfolio, which contains more than 35,000 IP assets in more than 50 technology areas. The exact terms of the agreement were not disclosed.

Jeong Hwan Lee (Executive vice president, Head, Intellectual Property Center, LG):  LG’s patent portfolio is strong and is a critical element to our business strategy.