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Courts approve Nortel patent sale to Apple/RIM group (Reuters)
Posted on July 11th, 2011 No comments
A sign is shown outside the Nortel Carling Campus in Ottawa
Wilmington, Delaware (Reuters) – Apple Inc, Microsoft Corp, Research in Motion Ltd. and three other technology companies received court approval Monday to buy wireless patents from the bankruptcy of Nortel Networks Corp. for 4, $ 5 billion.
The judges in the United States and Canada has approved the sale of 6000 patents and applications that took three times what some analysts had expected the auction of four days in June
Nortel filed for bankruptcy protection from its creditors in January 2009, and the courts of both countries to supervise the sale of company assets, as the winds former telecommunications giant to its activities.
The group of six that won the auction, offering a collection of Rockstar Bidco LP, also includes EMC Corp., Ericsson and Sony Corp.
(Reporting by Tom Hals, edited by Gerald E. McCormick)
Technology Stuff Apple Inc, EMC Corp, Microsoft Corp, Motion Ltd, Nortel Carling Campus, Nortel Networks Corp, Rockstar Bidco LP, United States
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