Thursday, July 28, 2016

Yahoo hires funding financial institution to promote approximately three,000 patents

Yahoo Inc (YHOO.O) has hired boutique funding financial institution Black Stone IP LLC to promote about three,000 of the net company's patents, the Wall road journal reported, mentioning people familiar with the matter.

The company has sent letters to a number of capability customers for the patents, which date back to whilst the employer become founded in 1996 and additionally include its unique seek technology, the report said.

The closing date for bids for the patents has been set for mid-June by means of Yahoo, in line with the Wall road magazine.

In March, Yahoo said it'd discover the sale of $1 billion to $three billion of patents, assets and "non-center assets".

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