Justice Dept Approves Rockstar Consortium's Patent Grab
The U.S. Department of Justice today gave Rockstar Consortium the permission it needs in order to move ahead with its planned purchase of approximately 4,000 patents from the defunct Nortel. The consortium, which includes Apple, Microsoft, RIM, Ericsson, and Sony, said it would buy the patents for $4.5. billion, with Apple contributing the lion's share of the purchase price at $2.6 billion. The patent portfolio consists of assets related to a broad array of networking, communications, and internet technologies.