Report: Apple, Google in Bidding War Over Nortel Patents News & Opinion PCMag.com: "Bankrupt Canadian telecom giant Nortel is auctioning off its patents to the highest bidder, with both Apple and Google making a play for what's available, a report from Reuters said.
Nortel Networks was once a telecommunications giant, with more than 90,000 employees in Canada alone. The company filed for bankruptcy in January 2009 and in the summer of that year declared it would cease operations and sell off its assets. The company is said to have over 4,000 patents worth about $1 billion total, some of which are relevant to wireless LTE technology.
Apple and Google, both relatively new to the wireless business, are interested in acquiring the patents in private talks, the report said, citing unnamed sources. Also said to be eyeing the patent chest are RIM and Motorola. The sources say the patents are being grouped into six 'buckets' of related technologies, ranging from optical data to PCs"
Report: Apple, Google in Bidding War Over Nortel Patents | News & Opinion | PCMag.com
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