4 ms·
Magic Leap has already signed over its patents to JP Morgan back in Nov 2019. Are those still acquirable assets in the event of an acquisition?
by cracker_jacks 6y ago
Magic Leap has already signed over its patents to JP Morgan back in Nov 2019. Are those still acquirable assets in the event of an acquisition?
- redis_mlc 6y agoI read about this previously. "Signed over" is too strong, it's more like their loan covenants mention the patents, but if you pay the loan, it doesn't matter.
- kevindong 6y agoThey pledged the patents as collateral. So if they (or their acquirer) don't repay the loan, JP Morgan is entitled to keep the patents.