EXHIBIT 22

Case 6:20-cv-00473-ADA Document 54-3 Filed 11/25/20 Page 1 of 5
Prepared for: Steven Raber

Law Reports Favorite

Patent Trademark & Copyright Journal®

February 09, 2018

Acquisitions

Large Portfolio of Former Nokia Patents Put on

Market

BNA Snapshot

• Aqua Licensing retained to sell portfolio of former Nokia patents

• Portfolio spans 557 patent families, includes 497 U.S. assets

By Malathi Nayak

About 1,600 Nokia Corp. telecommunications-related patents

have been put up for sale as the company continues to trim its

intellectual property holdings.

A group of undisclosed individual and private equity investors,

called WSOU Investments LLC, retained Aqua Licensing LLC, a

patent advisory and transaction rm, to sell the large telecommunications patent portfolio,

the rm said in a Feb. 7 statement. The portfolio covers technologies developed by the

Finnish company's units such as Nokia Technologies, Nokia Networks, and telecom

equipment maker Alcatel-Lucent, which Nokia acquired last year, the rm said.

Nokia has assigned patents to WSOU in recent months, Patent and Trademark Oce data

show.

The sale will “potentially aect players in the telecom eld, such as manufacturers and

users of base stations, network nodes, network operations centers, and the like,” Aqua

Licensing said on its website. The active patents in the portfolio have an average

remaining life of eight years, it said.

The new oer comes shortly after Nokia sold more than 6,000 patents covering

telecommunications technology in August, which was also facilitated by Aqua Licensing.

Large operating companies such as Nokia are looking to divest patents that aren't core to

their businesses and streamline their intellectual property holdings.

The portfolio spans 557 patent families, includes 497 U.S. assets, and covers hardware

technology and the “back-end” processes of the telecommunications business, according

to Aqua Licensing.

“The Nokia oering is indicative of the fact that there are some very large portfolios hitting

the market,” Mark McMillan, Aqua Licensing's founder and managing director, told

Bloomberg Law. “We've got other large oerings in the pipeline that we will be doing later

this year as well.”

Alcatel-Lucent Patents

A diverse set of parties has shown interest in these technology areas, McMillan said

without naming companies. Companies and startups looking to purchase patents to

Case 6:20-cv-00473-ADA Document 54-3 Filed 11/25/20 Page 2 of 5
defend against potential litigation or to grow their technologies could be interested

buyers.

The majority of the portfolio for sale—83 percent of all assets—are patents developed by

Alcatel-Lucent, according to Aqua Licensing's statement.

The current patents for sale were led more recently compared to the portfolio Nokia sold

last year, McMillan said. “This portfolio is signicantly younger.”

To contact the reporter on this story: Malathi Nayak in Washington at

mnayak@bloomberglaw.com

To contact the editor responsible for this story: Mike Wilczek at

mwilczek@bloomberglaw.com

Case 6:20-cv-00473-ADA Document 54-3 Filed 11/25/20 Page 3 of 5
 	  

  

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Case 6:20-cv-00473-ADA Document 54-3 Filed 11/25/20 Page 5 of 5