Canadian telecom Nortel’s bidding on the collection of 6,000+ patents was won by the consortium of companies including Apple, Microsoft, and RIM, which made the highest bid of $4.5 billion. Today US Department Of Justice announced the approval of the deal.
Rockstar Bidco, a partnership that includes, among others, RIM, Microsoft and Apple, was formed to acquire patents at the June 2011 Nortel bankruptcy auction, and to license and distribute them to certain partners. Nortel’s portfolio of approximately 6,000 patents and patent applications includes many SEPs that Nortel committed to license through its participation in SSOs and that are relevant to wireless devices (the Nortel SEPs).
Read the full release here.