Mosaid rejects second Wi-LAN takeover as patent houses fight

Mosaid in a statement Wednesday pressed share owners to turn down a second, $480 million Canadian ($488 million USD) buyout offer from Wi-LAN. Following an earlier deal, Mosaid claimed that the cash being offered was "clearly inadequate and highly opportunistic." It was even more so now that Mosaid was managing 2,000 Nokia patents through a takeover of Core Wireless, chairman Carl Schlachte said....



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