Intellectual Ventures, arguably the world’s largest patent troll, is on the move again. Taking bottom feeding to a new low… and, soon, coming to a cloud near you. … Feh!
In case you’re unfamiliar, IV’s peculiar brand of innovation involves acquiring old patents and using them to arm thousands of shell companies, whose sole business is to extract licensing fees from productive businesses.
News of IV’s restocked war chest comes after earlier reports that initial investors, including Apple, had declined to participate in IV’s newest trolling fund. According to the report, by law firm Richardson Oliver and spotted by IAM, the fund is on track since IV purchased 16 percent of all available patent packages in the first half of 2014.