While terms of the deal were confidential, Kudelski said Bloomberg will make a “one-time payment to Kudelski”.
“This agreement further validates the relevance of Kudelski’s patent portfolio to online video distribution technologies and platforms in multiple markets including news and media where Bloomberg is an undisputed leader, as well in other markets such as sports and entertainment,” said Joe Chernesky, senior vice-president of intellectual property and innovation at the Kudelski Group.
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