Technicolor’s Sale of its Research & Innovation Activity to InterDigital

On February 11, 2019, Technicolor, a worldwide technology leader in the media and entertainment sector, announced that it has received a binding offer and entered into exclusive negotiations with InterDigital, a mobile technology research and development company, for the sale of its Research & Innovation activity. The transaction would be structured as an asset purchase with a concurrent R&I cooperation agreement. Cravath is representing Technicolor in connection with the transaction.

The Cravath team is led by partners George A. Stephanakis and Nicholas A. Dorsey and includes associates Holden K. Sumner and Timothy J. Leung on M&A matters; partner Jonathan J. Katz and associate Sarah W. Colangelo on executive compensation and benefits matters; and partner David J. Kappos and practice area attorney Anthony N. Magistrale on intellectual property matters. Henri R. Simonet also worked on M&A matters.