Judges Clear $4.5B Nortel Patent Sale

Law360, Wilmington (July 11, 2011, 2:32 PM EDT) -- Nortel Networks Inc. won the blessing of bankruptcy courts in Delaware and Canada on Monday for the blockbuster $4.5 billion sale of its massive patent portfolio to a consortium of tech giants, including Apple Inc., Microsoft Corp. and Research in Motion Ltd.

Nortel’s coveted portfolio includes more than 6,000 U.S. and foreign patents and patent applications for wireless, wireless 4G, data networking, optical, Internet search, semiconductor and social networking technology. After a four-day auction, the consortium — dubbed Rockstar Bidco LP and also including EMC Corp.,...
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