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MIPS Technologies disclosed in an SEC filing that it signed a new deal to license its patent portfolio toBroadcom. Under terms of the deal, Broadcom will pay MIPS $26.5 million in cash “and provide other consideration.”
MIPS said it granted Broadcom a multi-year license extension, “including some pre-paid support and maintenance” the the current MIPS microprocessor architecture. The agreement will end when the last of the patents covered under the deal expire.
MIPS notes that Broadcom has been a licensee of MIPS technology since 1998.
MIPS in early trading is up 5 cents, to $6.77.”
