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12-24-2013, 04:51 AM #1
Apple-Backed Rockstar Rumored to be in Talks to Sell Patents
The Apple-backed Rockstar Consortium, a group of high-power tech giants that purchased $4.5 billion worth of Nortel patents in 2011, is reportedly in discussions to unload a portion of the properties as it can’t find licenses for the IP. According to people who are said to be familiar with the matter, Rockstar is said to be “in conversations” with prospective patent buyers interested in purchasing an unknown portion of the group’s Nortel acquisition from 2011 according to Bloomberg.
Rockstar, which is backed by Apple, Microsoft, Blackberry, Ericsson and Sony, purchased a hoard of Nortel Networks Corp. patents in 2011 for $4.5 billion. At the time of the sale, bidding escalated quickly as Rockstar was up against a rival coalition led by Google. Sources are currently claiming that Rockstar has largely been unable to score licensing deals for the patents, which in part prompted the selloff. With approximately 4,000 patents in the Nortel stash, the consortium is already selling small portions to those who are interested. One of the first was a July sale to the company Spherix, which paid an undisclosed amount of cash, $1 million in stock and a promised percentage of future profits for a package of patents.
It was previously reported in 2012 that Apple itself was quietly acquiring a substantial number of patents from Rockstar. While the company has access to the IP pool as a Rockstar backer, it appears that Apple wants full rights to certain properties, though the nature of these patents remains unclear. Nortel’s patent hoard included a variety of properties covering numerous fields, including Internet services, communications hardware and wireless technologies. Most recently, Rockstar asserted seven of the patents against Google, Samsung and others, seeking past and future damages for willful infringement of IP concerning Internet search terms.
We’ll have to wait and see what happens going forward.
Source: Bloomberg via AppleInsider
12-25-2013, 10:43 PM #2
Can someone tell me what this really means? Its hard to follow, they sell patents that no one really wants?
Last edited by WHUDS; 12-25-2013 at 10:45 PM.