Nokia Sells 2,000 Patents

Mosaid Technologies Inc. said it is taking over about 2,000 wireless patents and patent applications originally filed by Nokia, in a move that Mosaid says will help monetize the intellectual property.

The deal comes amid a recent drive by technology companies to essentially outsource the sometimes-expensive process of squeezing revenue out of their patent holdings. As wireless communication booms, companies big and small are increasingly battling in the courtroom over alleged patent infringement of mobile-related technology. Technology giants, meanwhile, have been on the prowl for patents, both to go after new revenue and to protect themselves from litigation.