Printed from http://www.electronista.com

Intel gets FTC approval to acquire Nortel patent portfolio

updated 12:10 pm EDT, Fri June 24, 2011

Apple, Google and Ericsson also potential suitors

Intel has reportedly received blessings from the Federal Trade Commission to acquire Nortel's patent portfolio, though the chip maker must outbid several competitors to secure the bankrupt company's intellectual property. The latest report corroborates earlier rumors, which pointed to a possible bidding war between Google, Intel, Apple, Ericsson, and RPX, a company that buys patents defensively to protect clients against patent trolls.

Google has reportedly been approved for participation in the sale, allegedly preparing for a baseline bid valued at $900 million. Other potential bidders, such as Microsoft and Apple, are said to be eyeing the portfolio as a potential weapon to battle Android in the smartphone arena.

Nortel has already liquidated the majority of its physical assets, however the company must part with approximately 6000 parents and patent applications. The filings span a wide range of subjects, with a focus on wireless, semiconductors, Internet, and other related technologies.

The Nortel patents are set to auctioned beginning early next week. [via Reuters]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News