MIPS sale of patents to Bridge Crossing is worthy of analysis

Michael D. Friedman, Ocean Tomo's Head of Investment Banking, is touting the sale for $350 million by MIPS to Bridge Crossing, LLC all of its rights, title and interest in 498 U.S. and foreign patents and patent applications as a transaction analysts should study as a free-market IP play, as unlike other headline-grabbing deals, MIPS was not in a must-sell situation: "In yet another Ocean Tomo assisted first-ever event, the business and investment community can see in a non-distressed situation -- a company not in bankruptcy nor subject to activist pressure -- the value of a patent driven transaction as separate but complimentary to a business acquisition."  Read more.