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Court Approves Google's Bid For Nortel's IP

Posted by Soulskill on from the go-hog-wild dept.

Meshach writes "A court had approved Google's bid to take ownership of Nortel's arsenal of $900 million worth of patents and patent applications. Other bidders will have until June 13 to submit competing offers. Unfortunately, neither shareholders of Nortel nor the company's employees waiting for a pension will see any of that money."

1 of 130 comments (clear)

  1. Re:Since Google is an advertising company by mr1911 · · Score: 5, Informative

    If Google did not have a large patent portfolio they would likely be sued out of existence very quickly. Patent portfolios are a necessity.

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