The companies also signed a MoU to collaborate on future support and development of the next-generation video codec software
Intel has signed a deal to buy 190 patents and 170 patent applications from RealNetworks for about $120m (£76m) along with its next generation video codec software.
Intel says the patents and video codec software expands Intel’s diverse and extensive portfolio of intellectual property.
Intel senior vice president and general manager of the Software and Services Group Renee James said Intel believes this agreement enhances its ability to continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and digital media.
In addition to the above deal, RealNetworks and Intel also signed a memorandum of understanding to collaborate on future support and development of the next-generation video codec software and related products.
Thomas Nielsen, RealNetworks President and CEO said RealNetworks was looking forward to working with Intel to support the development of the next-generation video codec software and to expandng their relationship into new products and markets.
RealNetworks does not expect the sale of these assets to Intel to have any adverse impact on its businesses.