“A consortium created by Apple Inc., Microsoft Corp. and other technology companies to acquire $4.5 billion of patents from Nortel Networks Corp. in 2011 is holding discussions to sell a portion of those patents, according to people with knowledge of the plans,” Olga Kharif and Adam Satariano report for Bloomberg.

“The group, called Rockstar Consortium, has recently been in conversations with possible buyers about the patents, said the people, who asked not to be identified because the information isn’t public,” Kharif and Satariano report. “Rockstar, which also includes BlackBerry Ltd., Ericsson AB and Sony Corp., has had little success in landing large licensing deals for the patents, three of the people said.”

“Rockstar has already begun selling some of the patents. In July, intellectual-property company Spherix Inc. said it acquired a suite of patents from Rockstar. Spherix paid an undisclosed amount of cash and $1 million in stock, plus Rockstar will receive a percentage of future profits,” Kharif and Satariano report. “Rockstar and its subsidiaries have pursued lawsuits over the patents. In October, Rockstar filed suit against Google, Huawei Investment & Holding Co. and affiliates, Asustek Computer Inc., ZTE Corp., HTC Corp., Samsung Electronics Co., LG Electronics Inc., and Pantech Co. for patent infringement. The patents up for sale don’t include the ones involved in the litigation, two people said. A buyer, or several buyers, could acquire Rockstar’s patent portfolio excluding those involved in the lawsuits, two people said.”

Read more in the full article here.

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