U.S. and Canadian judges approve $4.5B Nortel patent sale |
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U.S. and Canadian judges approve $4.5B Nortel patent sale
Judges in both the U.S. and Canada have approved a deal that will allow Microsoft, Apple and other tech giants to buy up a trove of more than 6,000 patent and patent applications from the bankrupt Nortel Networks.
With control of the patents, Microsoft and others in the consortium hope to score more business in the mobile applications space. But the sale could also draw attention from regulators over anti-trust concerns. The Wall Street Journal is reporting the judicial approval.
A consortium that includes Microsoft, RIM, Apple, Ericsson and Sony out-bid Google for a collection of over 6,000 patent and patent applications from the bankrupt Nortel Networks.
The consortium is paying $4.5 billion in cash to acquire the patents. Nortel, a Canadian firm, has been selling off its assets since it filed for bankruptcy protection in 2009.
Related coverage: Does Nortel patent sale make Google an antitrust victim?
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