Google Agrees To Bid $900M For Nortel Patents

Law360, New York (April 4, 2011, 3:37 PM EDT) -- Bankrupt Nortel Networks Corp. has accepted Google Inc.'s $900 million stalking horse bid to buy an intellectual property lode of some 6,000 patents and patent applications that include wireless, data networking and semiconductor technology, the Internet giant said Monday.

Google general counsel Kent Walker said the bid agreement, which requires the approval of Judge Kevin Gross in the U.S. Bankruptcy Court for the District of Delaware, comes as part of an effort by the search giant to protect itself from plaintiffs who bring suit using "low-quality...
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