Google grows IP arsenal with mobile patents from Magnolia Broadband

In the tech industry, you're only as safe as your latest batch of patent procurements. And Google, stuffed with billion dollar coffers, is only too happy to comply. Neatly paired with its recently wrapped Motorola acquisition, the Mountain View-based company's just expanded its intellectual property holdings with a portfolio related to mobile RF uplink solutions. Formerly the property of Magnolia Broadband, the outfit's "beamforming" tech will now undoubtedly aid the search giant's in-house manufacture of smartphone and tablet devices -- likely those of the Jellybean sort. No financial details of the transaction have been disclosed at this time, but you can bet your bottom dollar the price of this innovation didn't come cheap. Über-brief PR after the break.

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Mooreland Partners advises Magnolia Broadband in the Sale of its Patent Portfolio to Google

Mooreland Partners Advises Magnolia Broadband in the Sale of Its Patents to Google

Bedminister, New Jersey/Mountain View, California – June 4, 2012 - Mooreland Partners is pleased to announce that it has acted as financial advisor to Magnolia Broadband (Magnolia) in the sale of its patent portfolio to Google (GOOG). The sale for Magnolia is the 22nd transaction advised by Mooreland Partners since the start of 2011 and the sixth announced this year.