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InterDigital Announces Strategic Alternatives Process is Ongoing
KING OF PRUSSIA, Pa. -- September 26, 2011 - InterDigital, Inc. (NASDAQ: IDCC) today announced that its Board of Directors continues to thoroughly explore and evaluate a broad range of potential strategic alternatives for the company, which may include a sale, to a single buyer or consortium of buyers, of the company or select assets of the company.
In making the announcement, InterDigital stated that there can be no assurance that this strategic review process will result in a transaction. The company does not intend to comment further regarding the review process unless a specific transaction is approved by the Board of Directors, the review process is concluded, or it is otherwise deemed that further disclosure is appropriate or required by law.
About InterDigital®
InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.
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