Nokia's patent manager acquired by Sterling Partners for $590 million

. Patent management company MOSAID Technologies has been acquired by Sterling Partners for $590 million, or $46 per share. MOSAID licenses patents and describes itself as “one of the world's leading intellectual property (IP) companies, focused on the licensing and development of semiconductor and communications technologies.” Among the company's intellectual property is a total of 2,000 patents originally filed by Nokia, which MOSAID acquired this past September. The company said that it expects the deal to be approved in late December of this year or in January 2012.

Boy Genius Report, Nokia's patent manager acquired by Sterling Partners for $590 million