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February 13, 2012 11:01 pm EDT
The US Department of Justice didn't just give the go-ahead to Google's acquisition of Motorola today, it also gave the greenlight to a $4.5 billion bid on Nortel's patents from a consortium of companies including Apple, Microsoft and RIM (who have dubbed themselves Rockstar Bidco). Nortel's portfolio includes some 6,000 patents, and the DOJ says the approval comes after it received clear commitments from Apple and Microsoft to license so-called standard essential patents on "fair, reasonable and non-discriminatory terms, as well as their commitments not to seek injunctions in disputes involving SEPs." To round things out for the day, the Justice Department has also given its clearance to Apple's acquisition of certain Novell patents, which have been held by CPTN Holdings pending approval. Its full statement can be found after the break.
Department of Justice ||Comments
Original Link: http://www.engadget.com/2012/02/13/doj-greenlights-bid-by-apple-microsoft-and-rim-to-buy-nortel-pa/
DOJ greenlights bid by Apple, Microsoft and RIM to buy Nortel patents
The US Department of Justice didn't just give the go-ahead to Google's acquisition of Motorola today, it also gave the greenlight to a $4.5 billion bid on Nortel's patents from a consortium of companies including Apple, Microsoft and RIM (who have dubbed themselves Rockstar Bidco). Nortel's portfolio includes some 6,000 patents, and the DOJ says the approval comes after it received clear commitments from Apple and Microsoft to license so-called standard essential patents on "fair, reasonable and non-discriminatory terms, as well as their commitments not to seek injunctions in disputes involving SEPs." To round things out for the day, the Justice Department has also given its clearance to Apple's acquisition of certain Novell patents, which have been held by CPTN Holdings pending approval. Its full statement can be found after the break.Continue reading DOJ greenlights bid by Apple, Microsoft and RIM to buy Nortel patents
DOJ greenlights bid by Apple, Microsoft and RIM to buy Nortel patents originally appeared on Engadget on Mon, 13 Feb 2012 18:01:00 EDT. Please see our terms for use of feeds.
Permalink |Department of Justice ||CommentsOriginal Link: http://www.engadget.com/2012/02/13/doj-greenlights-bid-by-apple-microsoft-and-rim-to-buy-nortel-pa/
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