RALEIGH, N.C., Sept. 30, 2015 (GLOBE NEWSWIRE) -- Adapt IP Ventures, LLC will solicit offers for the acquisition of one of the world’s largest fantasy sports patent portfolios on Thursday, November 12, 2015. The offering includes both issued US patents and several pending applications and covers many facets of the fantasy sports platform ecosystem, spanning daily fantasy and “in-game” fantasy contests, advertisement selection, roster selection and management, multi-component gaming and fantasy video integration.
Vice President of Adapt IP Ventures, Brian Bochicco states, “The ultimate buyer of this patent portfolio will hold a significant IP advantage over its competitors. The recent emergence of daily fantasy sports platforms like FanDuel, DraftKings, DraftDay and Yahoo! help confirm the marketplace relevancy of this portfolio.” He further indicates, “This is not a single patent – or even a single patent family – which may be exposed to more risk given the IP climate today. Rather, this is a well-rounded and substantive portfolio with strong priority dates.”
The patent portfolio represents one of the largest fantasy sports portfolios in the world by number of issued US assets, only lagging behind Yahoo! in this statistic. However, with the portfolio maintaining priority dates from 1996 through 2002, its breadth and impact makes this patent portfolio foundational to the world of fantasy sports. In fact, approximately 500 patent families cite back to this portfolio, with the largest forward citing groups including Yahoo!, Disney, IGT, and Bally Gaming / Scientific Games.
The considerable interest in this offering has led Adapt IP to begin winding down the diligence period and to focus on soliciting offers. Companies interested in learning more about this offering should contact Adapt IP Ventures to receive diligence information and offering instructions.
About Adapt IP Ventures, LLC
Adapt IP Ventures is a patent brokerage and advisory firm that assists innovative companies in selling or acquiring valuable IP. Knowing that each transaction can be unique, Adapt IP Ventures focuses on creating and executing custom strategies for each engagement to successfully evaluate, build, sell, and license patents and other intellectual property assets. www.adaptipventures.com