US court approves Google's $900M bid for Nortel patents

Google's bid will set the minimum price for an auction of the patent portfolio scheduled for June 20

Nortel Networks has obtained court approval to accept a US$900 million bid from Google for the entirety of its remaining patent portfolio, it said Monday.

The former network equipment maker announced on April 4 that it plans to sell around 6,000 patents, either issued or applied for, in the field of wired and wireless digital communications.

Google's $900 million bid was the result of several confidential rounds of bidding involving other companies and consortia. Apple and Nokia were rumored to be among the rival bidders.

The approval, from the U.S. Bankruptcy Court for the District of Delaware and from the Ontario Superior Court of Justice, does not necessarily mean Google will walk off with the patent assets. It made a so-called "stalking horse" bid, effectively setting the minimum asking price in an auction for the assets scheduled to take place on June 20. Rival bidders will have to submit initial offers by June 20 in order to qualify.

Nortel has been slowly selling off its assets since filing for protection under U.S. Chapter 11 bankruptcy proceedings in January 2009, following a failed attempt to restructure the company without court protection. That year, Ericsson paid just over $1 billion for the company's CDMA (Code Division Multiple Access) wireless division, while Avaya paid just under $1 billion for its enterprise networking business.

Since then, the sale items have become less tangible, with Nortel announcing in late March that it will sell Microsoft its stash of 666,624 IPv4 addresses, a commodity now in high demand as network operators around the world begin to run short.

Peter Sayer covers open source software, European intellectual property legislation and general technology breaking news for IDG News Service. Send comments and news tips to Peter at peter_sayer@idg.com.

Join the PC World newsletter!

Error: Please check your email address.

Tags business issuestelecommunicationintellectual propertypatentlegalinvestmentsrestructuringNortel Networks

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Sayer

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?