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AWRE > SEC Filings for AWRE > Form 8-K on 21-Jun-2012All Recent SEC Filings

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Form 8-K for AWARE INC /MA/


21-Jun-2012

Completion of Acquisition or Disposition of Assets


Item 2.01. Completion of Acquisition or Disposition of Assets.

On June 21, 2012, pursuant to the previously disclosed Wireless Portfolio Patent Purchase Agreement dated April 26, 2012 (the "Agreement"), Aware, Inc. ("Aware") completed its previously announced sale to Intel Corporation ("Intel"), of selected patents and patent applications relating to WiFi (802.11 n/ac), LTE and Wireline Home Networking.

The purchase price for the sale of the assets consisted of a payment by Intel to Aware of $75 million in cash at closing.

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