Courts Approve of Apple, RIM, Microsoft's Nortel Buy
Jul 11, 2011, 12:35 PM by Eric M. Zeman
Reuters today reports that judges in the United States and in Canada have approved an Apple-led consortium's bid on some 6,000 Nortel patents that were auctioned off in late June. Apple, RIM, Microsoft, EMC Corp, Ericsson, and Sony Corp out-bid rival Google for the patents, many of which pertain to wireless networking technologies. Combined, the companies bid a total of $4.5 billion for the patents. The auction was held to satisfy Nortel's financial obligations resulting from its bankruptcy.
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