Fenwick & West represented Allied Security Trust (AST), a consortium of 26 member-investor companies, in its purchase of an agreement to buy and license all of the patents of MIPS Technologies (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications. AST will acquire 498 patents for gross proceeds of $350 million.

The Fenwick transaction team included corporate attorneys Kris Withrow, Ken Linhares, Gaurav Sud and Matt Stewart; technology transaction attorneys Jake Handy, Larry Granatelli, Michael Riskin and Ranjit Narayanan; and tax attorney Michael Solomon.


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