Apple-led consortium peels off Nortel patents

By James Bagnall – One hundred and sixteen years after its founding, Nortel Networks has reached a deal to sell all its remaining patents for a remarkable $4.5 billion to a consortium of six high-tech giants – Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony.

The price easily trumped an opening bid of $900 million by Google for all 6,000-plus Nortel patents, and emerged after four days of bidding at the New York offices of Nortel’s lawyers.

Nortel was the biggest telecommunication company in the world in 2000, with sales of more than $30 billion. more>



Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s