Adeia enters into multi-year IP license agreement with X Corp, no terms

Adeia (ADEA) has entered into a multi-year license agreement with X Corp, the owner of the social media platform formerly known as Twitter (TWTR). The agreement also resolves all of the outstanding litigation between the companies. “We are pleased to enter into this agreement and resolve the outstanding litigation with X Corp., a leading technology company and social networking platform, furthering our well-established intellectual property licensing business,” said Kevin Tanji, chief legal officer at Adeia. Adeia’s fundamental innovations power their customers’ next-generation products, delivering breakthroughs in digital experiences for consumer and enterprise applications. The company’s IP shapes the way millions of people explore and experience entertainment and enhances billions of devices in an increasingly connected world.