Wednesday, August 3, 2011

InterDigital Rallies On Renewed Takeover Chatter

Shares of InterDigital, Inc. (NASDAQ: IDCC) rallied more than 5% Tuesday after Bloomber reported that Samsung Electronics Co., the world’s second-largest maker of mobile phones, is examining InterDigital Inc.’s patent portfolio after being approached to make a bid. Samsung is looking at the patents along with Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) and other potential bidders, citing people familiar with the matter.

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