RIM strikes licensing deal with Intellectual Ventures for 30,000 IP assets

Well, this should be good for innovation! (not) As blogged on Engadget:

RIM strikes licensing deal with Intellectual Ventures for 30,000 IP assets

By Donald Melanson posted Mar 30th 2011 10:43AM

We still haven’t heard much out of Intellectual Ventures’ latest patent offensive against no less than nine tech companies, but the company founded by former Microsoft CTO Nathan Mhyrvold is now making some news on another front. It just announced today that RIM has followed HTC and Samsung and entered a licensing agreement that gives it full access to Intellectual Ventures’ patent portfolio of more than 30,000 IP assets. Details are expectedly light beyond that, but it certainly seems like Intellectual Ventures is doing alright for itself these days — it was recently reported that it hauled in $700 million in licensing revenue in 2010 alone, and that its total revenue to date is around $2 billion. Full press release is after the break.