“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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