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  • Apple Coughs Up More Than Half of The Total Nortel Patent Sale Price


    Nearly one month ago, Apple, RIM, EMC, Sony, Ericsson, and Microsoft paid a collective price of $4.5 billion for the rights to the 6,000-plus patents Nortel held. The potentially lucrative patents and patent applications spanned wireless, wireless 4G, data networking, optical, voice, internet, service provider, semiconductors and other patents.

    As MMi reported July 1st, "the extensive patent portfolio touches nearly every aspect of telecommunications and additional markets as well, including Internet search and social networking."

    Although no shortage of prominent names are listed above, it was one company in particular that captured better than half of the entire portfolio (58% to be exact). You guessed it. Apple. The Cupertino, California based iDevice-maker forked over some $2.6 billion for its share of the Nortel patents.

    Originally Posted by :
    That's not a lot for Apple which has $76.2 billion in cash on hand. If it was going to spend money on a big acquisition this makes the most sense. It protects Apple and could potential crush Android.
    The closed door patent auction nicely coincided with Apple's ultra-hush-hush nature, effectively keeping all of us in the tech reporting sphere in the dark on who paid what and for how much. But Apple had no choice but to spill the beans in its new 10-K filing with the SEC. Consequently, we now know just how eager Apple was to secure its portion of the highly-sought-after patents.

    Source: Business Insider
    This article was originally published in forum thread: Apple Coughs Up More Than Half of The Total Nortel Patent Sale Price started by Michael Essany View original post
    Comments 3 Comments
    1. fatalcrixer's Avatar
      fatalcrixer -
      What will happen when all these companies own all the money in the world and patents?
    1. SwatPac's Avatar
      SwatPac -
      Quote Originally Posted by fatalcrixer View Post
      What will happen when all these companies own all the money in the world and patents?
      World War 3.
    1. l2uso's Avatar
      l2uso -
      Bubble Gun Crisis, Tokyo 2040 :-P