InterDigital Inc (IDCC)

[dmiller]

It sounds to me based on the DR news that mgt may have been asking too much for the company and have now eased on their price expectations??

“Financial advisors for InterDigital continue to reach out to strategics to participate in consortia to acquire the company, said a source and people familiar with the process.

The first person said multiple companies are showing interest in the InterDigital process and are working to form bidding consortia. The person declined to comment on what the next milestone in the process will be.

In the US, at least some large technology companies that previously passed on a transaction with InterDigital are re-considering a bid, the first source said.

If InterDigital’s valuation demands are reasonable, previous IP buyers may be willing to participate as minority partners in a consortium, the first source said, adding that these companies want to take a passive role and do not want to be the lead investors.

http://www.forbes.com/sites/ericsavitz/2011/10/11/interdigital-rallies-on-report-of-new-interest-from-some-bidders/?partner=yahootix