Wednesday, June 12, 2013

Intellectual Ventures requested Samsung for participating in its new fund

According to MK news in S. Korea, Intellectual Ventures (IV) founder Nathan Myhrvold visited Samsung Electronics vice chairman Jay. Y Lee, son of Samsung Electronics chairman on May 27. The main purpose of IV’s visiting was to seek an investment for its new fund from Samsung.

The new fund is IV’s third fund aiming $3 billion investment from major companies globally. Samsung’s top executives, however, were reluctant to participate in IV’s new fund. The reason was that sharing of profit from IV’s trolling business is not compatible with Samsung’s business philosophy even if Samsung entered into a long-term license arrangement with IV in 2010 for allowing Samsung’s access to IV’ patent portfolios. IV claimed that it had generated more than $3 billion revenue from the previous funds.

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1 comment:

mahasiswa teladan said...

hi..Im student from Informatics engineering, this article is very informative, thanks for sharing :)