Sale way below analyst expectations for the business Less than $50 million cash upfront and a bunch of IOUs. They spent over $300 million in patents over the years and got back $50 million. A couple of analysts pegged WiLan at 150+
Most analysts valued the business well in excess of this price and targets will have to come down further to reflect actual price realized.
Now they can go and blow up the corporate structure but that will cost $20 million in severance.
Cash is still burning... and burning fast.