InterDigital Inc (IDCC)

[thelurker]

To paraphrase Occam's Razor: "when you have two competing theories which make exactly the same predictions, the one that is simpler is the better."

My WAG, IDCC is attempting to buy the Nortel patents for a combination of cash and debt.

Nortel's creditors have publicly stated they were not sure if they were better off selling now or keeping the patents, monetizing them and selling later for a bigger payoff. The parties have apparently agreed on a package that would allow the creditors to partially stay in the deal and get some upside through the warrants. The rest is just noise.

In short: win/win.