Sony Offloads Chemical Products Business to Japanese Government

Sony Corporation announced that it will sell its Sony Chemical & Information Device Corporation subsidiary to the Development Bank of Japan for 58.0 billion yen (US $731 million).

Ritek Settles Rewritable Optical Disc Patent Dispute

Acacia Research announced that its Optical Memory Storage subsidiary has entered into a settlement and license agreement with Ritek Corporation covering a portfolio of patents that apply to rewritable phase change optical discs (CD-RW, DVD±RW, BD-RE).