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Credit: Reuters/Joshua Lott NEW YORK | Mon Jun 18, 2012 12:26pm EDT NEW YORK (Reuters) - InterDigital Inc said on Monday it had agreed to sell to Intel Corp about 1,700 wireless technology patents for $375 million, sending InterDigital shares up 29 percent. The companies said they expect the deal to close in the third quarter. Intel is currently pushing to expand its chip business beyond computers and into mobile devices. InterDigital said in January it would keep looking for buyers for its patent portfolio after it failed to find one for the whole company. In July 2011, InterDigital said it was looking into a possible sale of the company or its patents in the hope that other big patent deals would boost its value. InterDigital shares were up $6.73 or 29 percent at $29.61 on Nasdaq after the news. (Reporting By Sinead Carew; Editing by Maureen Bavdek and David Gregorio) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Hot Stocks Asian Markets Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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