Cable & Telecom

Wi-LAN signs definitive acquisition agreement in Tri-Vision purchase

TORONTO – Wi-LAN has signed a definitive acquisition agreement to buy Tri-Vision International following terms announced March 27, Tri-Vision announced Friday. Under the agreement, Tri-Vision will become a wholly-owned subsidiary of Wi-LAN, and each Tri-Vision common share will be exchanged for a fraction of a Wi-LAN common share. The merged company will have access to Wi-LAN’s intellectual property portfolio in the wireless and telecom worlds and access to the V-chip market. “I believe this is a great fit for Wi-LAN and further accelerates our growth strategy,” said Jim Skippen, Wi-LAN president and CEO. “Given the significant synergies with our potential...