Google Offers $900 Million to Buy Nortel Networks Patents

Google Inc. (GOOG) offered $900 million for the rights to about 6,000 Nortel Networks Corp. patents as the world’s biggest Internet-search company seeks to stave off lawsuits by bolstering its portfolio of intellectual property. Nortel, the Canadian telephone-equipment maker that filed for bankruptcy protection in Jan. 2009, selected Google for a “stalking horse” agreement, a starting point against which others bid prior to the auction, Nortel said in a statement today. – Bloomberg

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.