NEW YORK (AP) — A consortium that includes leading smartphone makers Apple and Research In Motion prevailed over Google this week with a $4.5 billion cash bid for about 6,000 patents and patent applications from bankrupt telecom-equipment maker Nortel Networks Corp.
The group offered about five times more than Google's initial bid of $900 million. Phones running Google's Android system compete with Apple's iPhone and RIM's BlackBerry devices.
Nortel's patents cover many technologies, including data networking, semiconductors and wireless systems known as fourth generation, or 4G. Nortel said the portfolio "touches nearly every aspect of telecommunications and additional markets ... including Internet search and social networking."
David Berten, a partner at Global IP Law Group, which advised Nortel on the sale, said the patents resulted from about $40 billion in investments over 15 years, through Nortel's own research and development and through acquisitions. He said the patents cover every aspect of telecommunications, including the handsets, the equipment used in cell towers and the connections from there to wired networks. Consortium prevails over Google for Nortel patents - Yahoo! News