Big bidding: Apple, Microsoft, RIM nab Nortel patents for $4.5 billion
4 06 2012July 1, 2011
The bidding war over the patent portfolio from bankrupt Canadian telecom Nortel’s has ended. Google began the bidding on the collection of 6,000+ patents at $900 million, but Nortel announced today that the wining bid came from a consortium of companies including Apple, Microsoft, and RIM, which pooled $4.5 billion.
Nortel’s portfolio includes numerous patents on mobile technology, including 3G and 4G wireless networking, optics, voice processing, semiconductors, and more. “The extensive patent portfolio touches nearly every aspect of telecommunications and additional markets as well, including Internet search and social networking,” Nortel said in a statement.
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