Reddit gets a call from Nokia about patent infringement ahead of going public

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Reddit gets a call from Nokia about patent infringement ahead of going public
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That's a juicy-looking IPO you've got there. Be a shame if someone took a licensing bite

"We will evaluate their claims," Reddit told the SEC, adding that its rising profile as a soon-to-be public company could mean it will receive additional intellectual property claims in the future. It's not the first time it's faced such accusations either, Reddit said.

"Various 'non-practicing entities,' and other intellectual property rights holders have asserted in the past … and may attempt to seek in the future, to monetize the intellectual property rights they own to extract value through licensing arrangements or other settlements," Reddit added. The particular accusations against Reddit aren't clear, and neither Reddit nor Nokia responded to questions asking for additional information pertaining to the nature of the patents in question.cellular telephones in the pre-iPhone era, before it spun off the handset biz and licensed its brand to HMD, Nokia is still active as a networking business, and continues to invest in R&D and file patents, claiming to have sunk €4 billion into research last year.

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