patent

Apple and Intel both declined an invitation to invest in a new round of funding for patent assertion entity Intellectual Ventures, reports Reuters. Both companies had invested in the enterprise in the past. Intellectual Ventures did, however, receive further investments from both Microsoft and Sony.

Apple and Intel’s decision is significant because the biggest tech companies have supported IV in the past. “This would be a dramatic departure,” said Kevin Jakel, chief executive of Unified Patents.

Intellectual Ventures declined to discuss investments. Microsoft, Sony, Intel and Apple also would not comment. It is unclear whether Intel and Apple could still opt to invest in IV’s vehicle at a later time.

As a frequent target of patent trolls, it seemed an odd investment for Apple in the first place, and was most likely a simple protective measure: we’ll help fund you if you leave us alone.

An FTC filing revealed that Apple had been the target of a record 92 patent lawsuits in a three year period. Earlier this month Apple joined Microsoft, Ford, General Electric, IBM and other companies in forming a ‘Partnership for American Innovation’ to lobby against patent trolls.

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Ben Lovejoy

Ben Lovejoy is a British technology writer and EU Editor for 9to5Mac. He’s known for his op-eds and diary pieces, exploring his experience of Apple products over time, for a more rounded review. He also writes fiction, with two technothriller novels, a couple of SF shorts and a rom-com!

Ben Lovejoy's favorite gear