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Intel Contemplating Bid for InterDigital Patents

Chipmaker Intel Corp. could be one of the high profile companies which are currently pondering over submitting their bids for InterDigital Inc.’s patent portfolio this month, according to on-going speculations in the market.

Also, there are reports about the search giant Google Inc. is gradually losing interest in the deal. Amongst the high profile brand names, planning to engage themselves in the bidding war are Samsung Co., Intel Corp., HTC Corp., and Ericsson AB.

Intel’s apparent interest in InterDigital’s patent portfolio was revealed by a Bloomberg report, which citing unconfirmed sources, went on to claim that Intel bosses are currently weighing the pros and cons of the deal.

“Some buyers may team up on proposals, the person said. Google is backing away from an offer after agreeing to buy Motorola Mobility Holdings Inc. for $12.5 billion last month to gain patents and a hardware business, the people said,” the Bloomberg report read.

Interdigital’s market value was valued at near about $3 billion a couple of days back. However, experts at Algorithm Capital and Dougherty & Co are of the opinion that the deal could earn the company as much as $5 billion if not more.