Apple all clear to bid on Nortel patents

Discussion in 'Apple, Inc and Tech Industry' started by *LTD*, Jun 17, 2011.

  1. *LTD*, Jun 17, 2011
    Last edited: Jun 18, 2011

    *LTD* macrumors G4

    *LTD*

    Joined:
    Feb 5, 2009
    Location:
    Canada
    #1
    http://www.appleinsider.com/article...ved_to_bid_on_nortel_patents_sources_say.html

    http://online.wsj.com/article/SB10001424052702303823104576391742486417316.html


    Apple approved to bid on Nortel patents, sources say


    Apple has received approval to proceed with plans to bid on a group of wireless technology patents from bankrupt Canadian company Nortel, while significant interest in the patents has led to the auction being pushed back a week.

    The Wall Street Journal reported on Friday that Apple, Intel and Ericsson AB will "vie with Google" to buy a trove of 6,000 patents from the telecom-equipment maker. RPX, a firm that preemptively purchases patents for clients to prevent them from being wielded, has also reportedly been accepted as a "qualified bidder."

    The auction was originally scheduled to take place on June 20, but has been moved to June 27 due to a "significant level of interest" from other companies. People familiar with the matter said Apple and Intel had been accepted as separate bidders, while Ericsson and RPX were accepted as part of one or more consortiums.

    Sources said earlier this week the U.S. Department of Justice had concluded an antitrust investigation into Google's $900 million starting bid for the collection. The DOJ reportedly didn't find any "major competitive" issues with Google's interest in the patents, and has had greater concerns about Apple. Officials are scrutinizing both Apple and Research in Motion because both companies are perceived as being more aggressive with their intellectual property.

    Companies are interested in the group of patents mostly because it contains key technologies related to the fourth-generation Long Term Evolution standard, though Wi-Fi and social networking patents are also included in the lot. The presence of the LTE patents has raised concerns that the winner of the auction could gain an unfair advantage over competitors in the 3G 'arms race.'

    BlackBerry maker RIM had been rumored to be "weighing an offer" to outbid Google, but the company's recent financial troubles make a bid seem unlikely.

    -------------------------------------------

    Apple has around $70 billion to play with.

    Here's some perspective:

    Given the current values, it would be possible for Apple to acquire every phone vendor except for Samsung with cash only. A time may soon come when Apple's cash will be worth more than the entire phone industry.
     
  2. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #2
    They'll have to contend with google who also is very interested in those patents. If apple is going to get them, they'll be paying through the nose. I suspect the bidding will exceed a billion easily.
     
  3. Lone Deranger macrumors 65816

    Lone Deranger

    Joined:
    Apr 23, 2006
    Location:
    London
    #3
    Hmm... this should get interesting.
    Who's got the deepest pockets....
     
  4. *LTD* thread starter macrumors G4

    *LTD*

    Joined:
    Feb 5, 2009
    Location:
    Canada
    #4
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_3_3 like Mac OS X; en) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8J2 Safari/6533.18.5)

    Didn't Google already bid $900 million?
     
  5. Renverse macrumors member

    Joined:
    Apr 11, 2011
    #5
    If Google can't get these patents, it's basically screwed. Apple and Microsoft have a cross-licensing agreement, which is why they don't sue each other.

    It won't be able to battle Oracle either, with the current portfolio of patents they have, they just can't defend Android.
     
  6. Rodimus Prime macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #6
    That is just Google opening bid that tells everyone if they want to play ball it is going to cost them.
     

Share This Page