According to Reuters Apple and Google might be in a battle for the once mighty Nortel Networks patent portfolio, an acquisition that could help either of the two companies gain an edge in the mobile industry.
Nortel filed bankruptcy back in January of 2009 and the vast majority of their business has been sold off with the exception of their large number of patents that could aide in the improvements of mobile communications. There is said to be over 4,000 patents with a suspected value of around $1 billion and sources are saying Apple and Google both want a piece of these patents to protect themselves from giants such as Nokia in the courtroom.
There has been one round of bidding on those patents, this has been completed, said one source, who declined to be identified because the process is private. And what Nortel has done is divide the patents up into […]
Read the original post by Brian Tufo