Apple Declines to Invest in Intellectual Ventures' Patent Buying Fund

by

After collaborating with patent buying company Intellectual Ventures to purchase Kodak patents in 2012, Apple is now rebuffing offers by IV to invest in is latest patent acquisition fund, reports Reuters. Though both Apple and Intel have declined to participate, rivals Microsoft and Sony have been persuaded to contribute to a new round of patent buying.

"Microsoft and Sony's investments give IV a fresh war chest to buy new patents," said Kevin Jakel, chief executive of Unified Patents, which advises tech companies on alternatives to patent aggregators like IV.

Intellectual Ventures is one of the top five patent owners in the U.S. and has a portfolio of over 70,000 patents and intellectual property assets. The company has raised $6 billion for patents and is courting investors like Apple to raise an additional $3 billion.

Intellectual-Ventures-logo
Microsoft, Sony, Apple and Intel have invested in Intellectual Ventures in the past, giving them access to IV's patent holdings and a portion of the royalties it collects. Apple didn't comment on its recent decision not to invest in IV, but one intellectual property expert believes it is not related to the company's recent efforts to influence patent legislation in the U.S.

"Amy Landers, an intellectual property professor at University of the Pacific McGeorge School of Law, said Apple and Intel's decision on IV's latest fund was probably unrelated to the political debate on patent reform.

"The companies that are not investing in the fund have probably just found better uses for their money," Landers said.

Apple recently joined the new Partnership for American Innovation, a patent reform lobbying group that includes DuPont, Ford, General Electric, IBM, Microsoft and Pfizer. The group is opposing recent patent reform legislation that they claim may hurt actual innovations that need patent protection.

Top Rated Comments

(View all)
Avatar
83 months ago

It sickens me that a company profits by sitting on patents. It's just as bad as the trolls who buy up numerous online sites and hold on to them, selling them for ridiculous amounts. It's lazy and benefits no one.


Agreed. Welcome to unrestrained capitalist greed and speculation. Ethics has no place in capitalism, right? "The only ethical system" my ass.

----------

No it's called business. I buy stocks in hopes of a good ROI, a dividend or rise in prices. Buy a house and rent it out then sell it later. Buy low sell high. Franchises. Real estate. Why not patents?


Yeah, the defense of unethical and society-destroying (market-destroying) behaviors by way of calling them "business". Why not patents? Because it defeats the entire point of patent law!! The system is so beyond broken.
Score: 1 Votes (Like | Disagree)
Avatar
83 months ago
It sickens me that a company profits by sitting on patents. It's just as bad as the trolls who buy up numerous online sites and hold on to them, selling them for ridiculous amounts. It's lazy and benefits no one.
Score: 1 Votes (Like | Disagree)
Avatar
83 months ago
Smart.

Any involvement by Apple in such a venture (with the use of patents as an offensive weapon, seeking to license or deliberately hinder competition, as opposed to defensive ('stealing'/taking 'heavy inspiration' from competitors) capability.) would be disastrous in terms of higher moral ground in the courts.
Score: 1 Votes (Like | Disagree)

Top Stories

Apple Takes Legal Action Against Small Company With Pear Logo

Saturday August 8, 2020 11:09 am PDT by
Apple is taking legal action against the developers of the app "Prepear" due to its logo, according to iPhone in Canada. Prepear is an app that helps users discover recipes, plan meals, make lists, and arrange grocery deliveries. The app is a spinoff of "Super Healthy Kids," and the founders claim that they are facing litigation from Apple. Apple reportedly takes issue with Prepear's logo, ...

Apple Seeds iOS 14 and iPadOS 14 Public Beta 4 to Testers

Thursday August 6, 2020 10:05 am PDT by
Apple today seeded new public betas of upcoming iOS 14 and iPadOS 14 updates to its public beta testing group. Today's software releases, which Apple labels as fourth betas to keep them in line with developer betas, are actually the third betas that Apple has provided and they come two weeks after the prior beta releases. Public beta testers who have signed up for Apple's beta testing...

Supposed iPhone 12 Display Unit Leaks

Thursday August 6, 2020 8:13 am PDT by
An image supposedly of an iPhone 12 display unit has been shared online by leaker "Twitter user Mr. White". Compared to images of an iPhone 11 Pro display piece, this new unit has a reoriented display connector, reaching up from the bottom of the display, rather than from the left-hand side on iPhone 11 Pro. This may be due to the logic board moving to the other side of the device. A...

8 Third-Party Home Screen Widgets That You Can Try Out Now on iOS 14

Wednesday August 5, 2020 12:56 pm PDT by
One of the biggest new features of iOS 14 is Home Screen widgets, which provide information from apps at a glance. The widgets can be pinned to the Home Screen in various spots and sizes, allowing for many different layouts. When the iOS 14 beta was first released in June, widgets were limited to Apple's own apps like Calendar and Weather, but several third-party developers have begun to test ...

New 27-Inch iMac's Storage Affixed to Logic Board, 4TB and 8TB Configurations Have Expansion Connector

Friday August 7, 2020 7:46 am PDT by
Following a report from German blog iFun.de that claimed the new 27-inch iMac's flash storage is soldered to the logic board, MacRumors has obtained additional information in an internal document for Apple technicians. In the document, Apple says that the flash storage is indeed affixed to the logic board and cannot be removed. However, for the 4TB and 8TB configurations, Apple says that a...

2020 iMac Teardown Reveals Internal Changes and Similarities

Saturday August 8, 2020 12:44 pm PDT by
A teardown video, shared by OWC, reveals the internal changes in the new 2020 27-inch iMac. The 2020 27-inch iMac was announced earlier this week with 10th-generation Intel Core processors, AMD Radeon Pro 5000 series graphics, up to 128GB of RAM, up to 8TB of storage, a 1080p front-facing FaceTime camera, a True Tone display with a nano-texture glass option, higher fidelity speakers, and...

Kuo: iPhone 12 Camera Lens Supplier Experiencing Quality Issues, But May Not Affect Launch Schedule

Thursday August 6, 2020 9:30 pm PDT by
One of Apple's camera lens suppliers for the upcoming non-Pro iPhone 12 models is having quality issues, according to a new research note from analyst Ming-Chi Kuo seen by MacRumors. The issues are, however, unlikely to have an impact on Apple's shipping schedule, presuming that Apple's other main supplier can make up the difference. Kuo says that Genius Electronic Optical has discovered...

Google's $349 Pixel 4a vs. Apple's $399 iPhone SE

Wednesday August 5, 2020 1:45 pm PDT by
Google this week launched its newest smartphone, the $349 Pixel 4a, a low-cost device that's designed to compete with other affordable devices like Apple's iPhone SE. We picked up one of the new Pixel 4a smartphones and thought we'd check it out to see how it measures up to the iPhone SE, given that the two devices have such similar price points. Subscribe to the MacRumors YouTube channel ...

Sony WH-1000XM4 Noise-Canceling Headphones Now Available for $350

Friday August 7, 2020 2:01 am PDT by
Sony's flagship WH-1000MX3 noise-canceling headphones have been among the best on the market for some time, and this week Sony released its fourth-generation WH-1000XM4 headphones boasting some notable improvements on the previous model. The XM4s feature the same basic design as the XM3s, but are one gram lighter at 254 grams due to slightly larger ear pads and some subtle tweaks to the...

Apple Announces New 27-Inch iMac With 10th-Gen Processors, Up to 128GB RAM, 1080p Webcam, True Tone, and More

Tuesday August 4, 2020 8:07 am PDT by
Apple today announced a new 27-inch iMac with faster 10th-generation Intel Core processor options, next-generation AMD graphics, up to 128GB of RAM, a higher-resolution 1080p front-facing FaceTime camera, a True Tone display with a nano-texture glass option, a T2 chip, higher fidelity speakers, studio-quality microphones, and more. A breakdown of the new 27-inch iMac's features and specs:10th...