Apple, Microsoft, RIM Win Nortel Patents
Nortel announced late Thursday that a consortium of six different companies have won its 6,000 patents in an auction that took place this week. The list of winners includes Apple, EMC, Ericsson, Microsoft, RIM, and Sony. Not among the winners was Google, which placed the initial $900 million stalking horse bid, and Intel. According to Nortel, the patents won a total of $4.5 billion from the six companies involved. RIM indicated that it spent $770 million in the auction, while Ericsson said it paid $340 million. The other companies involved have not shared the dollar value of their bids. The 6,000 patent chest contains patents pertaining to wireless technology, Long Term Evolution 4G, data networking, voice technologies, and more. The auction was one of the final steps in Nortel's dissolution following bankruptcy. The proceeds will be used to pay back Nortel's creditors.
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