Nortel has said today it will sell of its remaining 6000 patents and applications to Google for $900 million unless a rival bidder takes a shot.
That patents cover communications tech, including digital, wireless and wired.
Says Google:
Google will receive patents for wireless, 4G, data networking, optical, voice, and semiconductors, says ZD.
Nortel has been selling off assets since going bankrupt in 2009.
Once trading as high as $600 a share in the tech bubble of the late 90s, Nortel shares now trade for 3 cents.
Says Google:
One of a company’s best defenses against this kind of litigation is (ironically) to have a formidable patent portfolio, as this helps maintain your freedom to develop new products and services. Google is a relatively young company, and although we have a growing number of patents, many of our competitors have larger portfolios given their longer histories.
Google will receive patents for wireless, 4G, data networking, optical, voice, and semiconductors, says ZD.
Nortel has been selling off assets since going bankrupt in 2009.
Once trading as high as $600 a share in the tech bubble of the late 90s, Nortel shares now trade for 3 cents.
