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U.S. Greenlights Google's Nortel Bid

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Jun 15, 2011, 7:22 AM by Eric M. Zeman

The U.S. Department of Justice has concluded that Google may proceed with its $900 million bid for a large collection of patents held by Nortel. Citing people familiar with the matter, the Wall Street Journal reports that the Justice Department has decided that there are no antitrust concerns were Google to come into ownership of the patents. Nortel has been auctioning off pieces of its business for years to settle bankruptcy debt. An auction for some 6,000 of its patents its scheduled to take place later this month. Other potential bidders include Apple and RIM

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