We recently heard that a consortium of technology companies which included Apple, Microsoft RIM, Ericsson, Sony and EMC had won the bid to purchase 6,000 Nortel Patents for $4.5 billion, and the only thing stopping the consortium of technology companies getting their hands on the patents, was the US and Canadian courts approving the deal.
On Monday, Judges in the US and Canada approved the $4.5 billion purchase of 6,000 Nortel patents, which will give all the companies control over a wide range of patents relating to mobile devices and telecommunications.
Google had also bid on the patents, but the companies bid was much lower than the consortium of other companies at around $900 million, and Google had said that it wanted the patents to defend itself against lawsuits from other companies.
Source Business Week
Filed Under: Technology News