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My understanding is Magic Leap assigned them, meaning they are pledged by Magic Leap as collateral on a loan[1]. This means that JPM only actually get them if M

My understanding is Magic Leap assigned them, meaning they are pledged by Magic Leap as collateral on a loan[1]. This means that JPM only actually get them if Magic Leap default. (ie JPM can't just decide to sell those patents right now just like when you take a mortgage the bank can't just sell your house from under you if you remain current on your loan). If I'm JP Morgan I'm sweating this sale process right now because if Magic Leap do default (eg say the sale process tanks and they burn through their remaining cash and default), the recovery on these patents is going to be difficult so JPM will take a writedown on the loan. [1] https://regmedia.co.uk/2019/11/13/ml.pdf https://regmedia.co.uk/2019/11/13/ml.pdf is the patent assignment if you want to see what got assigned

baybal2 7y ago
Their patents are by far not a blocker to the field. Apple has actually have a much bigger patent contention with Beijing University with them holding the lockdown portfolio on the microled, and they recently "tainted" themselves through business relationship with one of Beijing University subsidiaries. It may look to the court, or at least a Chinese one, that they solicited samples from them, and very expensive at that, without stated purpose just to sneak away the tech.