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.

About Magnolia Broadband

Magnolia is a pioneer in the field of RF uplink diversity for the mobile industry. Magnolia has developed leading solutions to provide significant performance advantages utilizing its patented beamforming solutions. For more information, go towww.magnoliabroadband.comFor more information on the Magnolia/Google transaction, please contact Charlie Bullock.

Charlie Bullock, Managing Director
Mobile: +1 (415) 271-4046
Direct Line: +1 (650) 330-3780