Latest in Apple

Image credit:

It's official: Nortel patent sale approved by US and Canadian courts (updated)

Michael Gorman, @Numeson
July 12, 2011
Share
Tweet
Share

Sponsored Links

Nortel was just looking for some quick cash when the company put its 6,000 telecommunications patents up for auction. Then Google decided that IP would make a mighty fine troll deterrent, and started a crazy bidding war to get it. A coalition of the willing -- including Apple, EMC, Ericsson, Microsoft, RIM, and Sony -- opposed Big G and paid $4.5 billion for the prize portfolio pending approval by the powers that be. Well, both Canadian and US bankruptcy judges just gave the purchase two thumbs up, and the deal is officially done. Now the question is whether the auction's victors will use these patents as a shield against those with trollish intentions or as a sword to strike at their enemies?

Update: To clarify, the deal was only approved by the bankruptcy courts, and the US DOJ is examining the sale for its possible anti-competitive effects.



All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

Presenting the Best of CES 2021 winners!

Presenting the Best of CES 2021 winners!

View
Canon made a site that lets you 'take photos' from a real satellite

Canon made a site that lets you 'take photos' from a real satellite

View
NASA's Orion spacecraft is ready to fly to the Moon

NASA's Orion spacecraft is ready to fly to the Moon

View
Apple is reportedly working on a major redesign for the iMac

Apple is reportedly working on a major redesign for the iMac

View
WhatsApp postpones new privacy policy amid ‘confusion’

WhatsApp postpones new privacy policy amid ‘confusion’

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr