WiLAN Enters into License Agreement with Broadcom

OTTAWA, September 27, 2023 – Wi-LAN Inc. (“WiLAN”) announced today that WiLAN and its subsidiaries, including Polaris Innovations Limited, have entered into a license and settlement agreement with Broadcom Inc. (“Broadcom”).

Broadcom has obtained a license to patents owned by WiLAN and its subsidiaries.  The agreement also includes the settlement and dismissal of all pending patent litigation between the parties in the United States and Germany.

The license fees payable by Broadcom and all other terms of the license agreement are confidential. 

WiLAN is a successful licensing company that helps companies unlock the value of intellectual property by acquiring, managing and licensing their patent portfolios.  The company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.  WiLAN was recently acquired by Owlpoint IP Opportunities JVF I LP, a joint venture between Arena Investors, LP and Owlpoint Capital Management, LLC.  For more information, please visit www.wilan.com, www.arenaco.com and www.owlpointcapital.com.