Apple-Backed Group Wins Nortel Patents for $4.5 Billion
196 views · Published 1 July 2011 · 1:46 · Indexed 22 September 2026
Channel: Bloomberg Originals · 2011 · Entertainment
July 1 (Bloomberg) -- Apple Inc. and five bidding partners agreed to buy Nortel Networks Corp.'s remaining patents for $4.5 billion, giving them access to a portfolio of technologies used in mobile phones and tablet computers.
The bidding group included Microsoft Corp., Sony Corp, Research In Motion Ltd., Ericsson AB and EMC Corp., Ontario-based Nortel said in a statement. The bid trumped the $900 million Google Inc. had offered before the auction for Nortel's remaining intellectual property. (Source: Bloomberg)
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