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With $4.5 Billion Bid, Group Led by Apple and Microsoft Claims Nortel Patents
In a patent auction unprecedented in size and scope, a consortium of high-tech heavyweights banded together to buy Nortel Networks Corporation's trove of more than 6,000 remaining patent assets for a record-shattering $4.5 billion.With Google and Apple Participating, Will Nortel Patent Auction Be Biggest Ever?
Two and a half years after Nortel Networks filed for bankruptcy protection, the estate of the insolvent Canadian telecom was scheduled to begin selling off its last valuable asset: a portfolio of nearly 6,000 patents that could be key to the future of mobile computing. The patent trove could set a record for the most money ever raised in a single public sale of IP assets.Group Led by Microsoft and Apple Claims Nortel Patents
In a patent auction unprecedented in size and scope, a consortium of high-tech heavyweights banded together to buy Nortel Networks' trove of more than 6,000 remaining patent assets for a record-shattering $4.5 billion. The winning bidder, a team of six tech companies, consists of Apple, Microsoft, Research in Motion, Sony, Ericsson AB, and EMC.With $4.5 Billion Bid, Group Led by Apple and Microsoft Claims Nortel Patents
In a patent auction unprecedented in size and scope, a consortium of high-tech heavyweights banded together to buy Nortel Networks Corporation's trove of more than 6,000 remaining patent assets for a record-shattering $4.5 billion.With $4.5 Billion Bid, Group Led by Apple and Microsoft Claims Nortel Patents
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