Apple Complete Ownership of Nortel Patents
Around $2billion of its syndicate $4.5 billion, Apple has built the winning bid for Nortel’s patent thus creating the complete ownership of a number of patents. Here, Cringely revealed that Ericsson and RIM has united mutually to generate $1.1 billion to bid with Ericsson getting the fully paid-up license and also RIM getting the License along with some operating losses from Nortel.
Not only had the above companies coming together to bid for some patents but also Microsoft and Sony has contributed $1billion for bidding to some patents. It was also heard that EMC has generated $400 million for single unspecified subset of patents.
Reports also indicate that Apple have created the biggest portion for sole possession of patents to compete with Google and Android. Apple has rise $2 billion for total possession of Nortel’s Long Term Evolution (4G) patent. Cringely has reported that Google will file anti-trust lawsuit very soon.