They must have a set of juicy patents, that they want real bad!!!! I suspect share price may drop a bit in the next few days unless we get another GOOD "News Release" reporting a new BIG signing... then all bets are off.... LOL

WiLAN Announces $75 Million Bought Deal Financing (ccnm)

OTTAWA, CANADA--(Marketwire - Jan. 18, 2011) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, today announced that it has entered into a bought deal agreement with a syndicate of underwriters led by CIBC World Markets Inc. and including Paradigm Capital Inc., Wellington West Capital Markets Inc., Canaccord Genuity Corp., Fraser Mackenzie Limited and NCP Northland Capital Partners Inc. (collectively, the "Underwriters"), for the issuance of 11,400,000 common shares of the Company ("Common Shares"), on a bought deal basis, at a price of $6.60 per Common Share for gross proceeds of $75,240,000 (the "Offering").

The Underwriters have the option to purchase up to an additional 1,140,000 Common Shares at the issue price at any time prior to 30 days following the closing date for additional gross proceeds of $7,524,000.

The net proceeds from the Offering will be used to fund acquisitions of patent portfolios identified as strategic to the Company's business and for working capital and general corporate purposes.

The Common Shares to be issued under the offering will be offered by way of a short form prospectus in all of the provinces of Canada, other than the province of Quebec, and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.

The offering is scheduled to close on or about February 3, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.