“Apple is contributing more than half the total $4.5 billion price tag for Nortel patents, with partners including Microsoft and Sony combined kicking in the rest,” Nancy Gohring reports for IDG News Service.
“Apple reported on Wednesday in a filing with the U.S. Securities and Exchange Commission that it will contribute about $2.6 billion toward the cost of the Nortel patent acquisition,” Gohring reports. “A consortium that includes Apple, Microsoft, Sony, Research In Motion, EMC and Ericsson had the winning $4.5 billion bid. As Apple noted in its SEC filing, the offer is still subject to regulatory approval.”
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Gohring reports,”The patents are particularly valuable to companies that make mobile products that have become litigious in recent years as competition in the growing smartphone market heats up.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
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RUMOR: Apple gets outright ownership of Nortel’s LTE (4G) patents – July 5, 2011
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Leaked bids show how Apple-led ‘Rockstar’ beat Google to Nortel patents – July 2, 2011
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Intel gets antitrust approval to bid on Nortel patents – June 24, 2011
Apple gets U.S. antitrust approval to bid for Nortel patent trove – June 23, 2011
Apple, Intel among bidders for Nortel patent trove – June 17, 2011
Nortel delays patent auction one week citing significant interest – June 16, 2011
RIM looks to outbid Apple, Google, and Nokia for Nortel’s patent treasure trove – April 18, 2011
Google bids $900 million for 6,000 Nortel telecom patents in quest to boost patent portfolio – April 4, 2011
Apple reportedly bidding for Nortel patent portfolio – December 13, 2010