The Rockstar Consortium, a group backed by Apple and Microsoft, is trying to unload some of its wireless patents, according to a Bloomberg report.
It's been nearly a year since telecomm giant Nortel sold off its patent portfolio, and its buyers have been quick to turn it into a business.
The company didn't try hard enough to stop a 10-year incursion by hackers likely working from China, says a former Nortel exec cited by the Wall Street Journal.
Along with green-lighting Google's buy of Motorola, the Justice Department today OKs an Apple-Microsoft-RIM partnership deal to buy Nortel patents, and Apple's plan to acquire Novell patents.
Nortel Networks will sell another piece of its business for $769 million as part of its bankruptcy proceedings, which require it to dismantle its business.
The Swedish communications giant gets the GSM operations for $70 million in cash. It had already acquired Nortel's CDMA and LTE business in North America.
The sale of Nortel's portfolio of 6,000 patents and patent applications may be in the bag, but the Justice Department is reportedly chatting with the buyers to find out what they intend to do with the intellectual property.
A detail in Apple's 10-Q filing shows the company staked more than half of the buy-in for Nortel's patent portfolio last month.
Judges in the U.S. and Canada approve the $4.5 billion sale of Nortel's patent collection to a consortium of companies including Apple, RIM, and Microsoft.
Consortium including Microsoft and Sony buys 6,000 patents and patent applications from the bankrupt Canadian telecom equipment maker.