04:27 PM EDT, 07/01/2024 (MT Newswires) -- Adeia ( ADEA ) said Monday it has signed a multiyear license agreement with X, the owner of the namesake social media platform previously known as Twitter.

The agreement also settles all existing legal disputes between the two companies.

Adeia ( ADEA ) is a research and development, and intellectual property licensing company.

Adeia ( ADEA ) shares were up 2.5% in after-hours activity.

Price: 11.48, Change: +0.28, Percent Change: +2.50