Apple Gets Antitrust OK To Bid On Nortel Patents

Law360, New York (June 23, 2011, 2:49 PM EDT) -- U.S. antitrust regulators on Thursday gave Apple Inc. the green light to bid in next week's auction for the highly sought-after patent portfolio held by bankrupt Canadian telecom Nortel Networks Corp.

The Federal Trade Commission said it had accepted Apple's request for earlier termination of its antitrust review, paving the way for the company to make a run at the portfolio of 6,000 patents and patent applications for wireless, data networking and semiconductor technology at a bankruptcy auction starting Monday.

Apple will likely face stiff competition...
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