The Rockstar Consortium, a group backed by Apple and Microsoft, is trying to unload some of its wireless patents, according to a Bloomberg report.
The security-obsessed company called Silent Circle is now solely in control of its phone for encrypted communications. It has also raised $50 million and will announce new devices next week.
The tech giants finally relinquish their hold on the highly-coveted technology rights, possibly marking the end of a patent fight between Android phone manufacturers and competitors.
Q&A: Jasper Technologies CEO Jahangir Mohammed explains why this nascent tech transition will profoundly reshape businesses around the world
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.
Apparent settlement closes the book on one of a handful of suits filed against Android device makers by the alliance, which is jointly owned by Apple, Microsoft, BlackBerry, Ericsson, and Sony.
The company files suit against the Apple- and Microsoft-backed consortium, asserting that its "patent dragnet" has placed a cloud over Google's Android platform.
Apple- and Microsoft-backed Rockstar Consortium, which bought Nortel Network's 6,000 patent portfolio, goes after some of tech's other heavy hitters for alleged patent infringement.
Microsoft didn't pick up Nokia's entire patent collection as part of its acquisition plan, but it's got more patents under its belt for the next decade and potentially beyond.
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.