Nortel patent sale gets court approval
A consortium of companies that includes Apple and Microsoft has been given the OK by courts in the U.S. and Canada to buy some 6,000 patents and patent applications from Nortel Networks.
Reuters reports that judges from both countries approved the sale in a joint hearing held earlier today.
Late last month, Nortel's patent portfolio was sold to a consortium of technology companies comprising Apple, EMC, Ericsson, Microsoft, Research In Motion, and Sony. The group beat out rivals including Intel and Google with a $4.5 billion bid for the intellectual property, which included patents and patent … Read more