Controversial service had faced paying damages of hundreds of millions of dollars in copyright infringement lawsuit filed by record labels.
Dubbed a "patent troll" by some, Intellectual Ventures has built up a massive war chest of patents with help from big tech firms. Apple and Intel apparently did not join this funding round, though, according to Reuters.
The company, which two years ago testified to the US Senate that it's not a tax dodger, is facing an European Commission investigation into whether tax breaks from Ireland were illegal state aid.
Technically Incorrect: After a British interviewer suggests that Tony Stark has become more likable and that this applies to the actor, too, Downey becomes testy.
The company is starting an "experimental marketplace" that will allow owners to sell single patents to the search giant.
Federal judge's decision comes after the jury was unable to reach a verdict on whether Motorola Mobility infringed on the patent-holding company's portfolio.
Intellectual Ventures claims Google's Motorola unit violates its patents, while the search company says its opponent builds no products and uses its patent portfolio for financial gain.
Technically Incorrect: An image of a cat on the stairs has captivated the Web and divided lovers and families. It needs an academic to sort it out.
The chipmaker reports first-quarter revenue is mostly flat, though it does see a slight rise in income.
Technically Incorrect: An image of a perfectly innocent cat is fascinating, tormenting and generally exciting those who seek entertainment with a cerebral pinch.