Uniloc Announces $189 Million Cash Offer to Acquire Acacia Research Corporation

PLANO, TX--(Marketwired - Mar 14, 2016) - ARC Acquisition Company, LLC and its affiliate Uniloc Luxembourg S.A. ("Uniloc"), is pleased to announce its communication to the Board of Directors of Acacia Research Corporation (NASDAQ: ACTG) last week of an offer to acquire all the outstanding shares of the Company at a price of $3.72 per share, which is a 5% premium to Friday's closing price of $3.53 per share and represents a market capitalization of approximately $189 million.

"Uniloc spent several years developing a proprietary technology platform and business model which allows us to operate at comparatively higher margins and lower costs, in almost every respect. We look forward to bringing this technology to scale with Acacia's patent assets and business," said Uniloc CEO and co-founder Craig Etchegoyen. He further stated, "The ability to leverage this technology to acquire high-quality patents at a comparatively low cost, and then to augment their value through internal development of additional complementary patents, allows for a lower-cost and more-productive patent base. The technology further supports a reduced cost of outside legal and other experts in the enforcement process. These together provide a foundation for significantly higher profit margins, and operations with much lower overhead at scale. We fully expect that this operational model, coupled with Uniloc's history of successes in enforcement matters, can bring similar results to Acacia. We continue to strongly believe in the profitability of patent licensing, but only when leveraged off a fully-developed and modern technology base. I look forward to meeting with Acacia's board of directors to discuss the path forward."

About Uniloc
Uniloc is a patent development, acquisition and enforcement company with a broad set of patent portfolios. Over 60% of the Company's approximately 300 patent portfolios were developed internally.

Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Uniloc may also make written or oral forward-looking statements in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uniloc's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Uniloc does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of the press release, and Uniloc undertakes no duty to update such information, except as required under applicable law.