CLOSEClose Menu

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Hope for the future drove Qualcomm Inc.’s recent acquisition of Flarion Technologies, with lawyers designing a strategy that helped ensure the success of the deal without breaking regulations. Qualcomm, a wireless technology developer, announced Aug. 12 it would buy Flarion, a leading developer of technology for mobile broadband Internet protocol services, for approximately $600 million in Qualcomm stock and cash. “One unusual thing is that there were some significant notice requirements that had to be satisfied before the transaction could be completed,” said Diane Holt Frankle, a partner in DLA Piper Rudnick Gray Cary’s Silicon Valley office, who helped represent Qualcomm. “We had to work out the timing for those notice requirements and still be sure we had a binding agreement.” Qualcomm will also pay Flarion an additional $205 million if certain undisclosed milestones are achieved within the next eight years. “This is a great example of strategic investment — similar to what was seen pre-Sept. 11 — because of the value of the technology,” Frankle said. Intellectual property rights were central to determining the value of the deal and led to interesting discussions among DLA Piper lawyers, added Frankle. For these two companies, the acquisition is expected to open opportunities for better technology. Qualcomm’s DLA Piper team was led by partners Cameron Rains, Douglas Rein and David Young and associates Randy Socol and Matthew Leivo in the firm’s San Diego office. Flarion was represented by Howard Armstrong, a partner at Latham & Watkins in San Diego.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.