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

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Patriot Stellar Boost XT 64GB USB 3.0 drive

A vast selection of USB memory sticks means that consumers can often find exactly the size drive they need in a configuration that can ...

Sponsor

toggle

Most Commented

 
toggle

Popular News