Adeia shares are trading higher after the company entered into a multi-year IP license agreement with X Corp, which also resolves all outstanding litigation between the companies.
Portfolio Pulse from Benzinga Newsdesk
Adeia shares are trading higher after the company entered into a multi-year IP license agreement with X Corp, resolving all outstanding litigation between the companies.
July 01, 2024 | 8:13 pm
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Adeia's stock is trading higher following the announcement of a multi-year IP license agreement with X Corp, which also resolves all outstanding litigation between the two companies.
The resolution of litigation and the establishment of a multi-year IP license agreement with X Corp are positive developments for Adeia, likely boosting investor confidence and driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100