- Apr 12, 2001
Last December, it was revealed that Apple was among the parties interested in bidding on a huge trove of patents from Nortel Networks that had been placed up for auction. While group of over 6,000 patents covers a wide variety of areas, Apple was thought to be primarily interested in those patents related to LTE and other mobile technologies.
Competition for the patents has been heating up, with Google having launched the first salvo with an opening bid of $900 million for the entire portfolio of patents. According to The Wall Street Journal, federal antitrust regulators had initially expressed concern over Google's bid, but have since had their concerns satisfied. They do, however, continue to have concerns about Apple should it decide to officially submit a bid for the patents.
Regulators have expressed concern over such a significant batch of intellectually being used by acquirers attempting to consolidate control of critical technologies, thereby stifling innovation.The agency has greater concerns about another possible bidder, Apple Inc., which has often asserted intellectual property rights against other companies. Apple has been in talks with the Justice Department to address its concerns, those people said.
Apple didn't respond to a request for comment.
The official auction for the Nortel patents is scheduled for June 20th, with Google, Apple, and Research in Motion all reportedly interested in participating in the process.
Article Link: U.S. Antitrust Regulators Concerned Over Apple's Interest in Nortel Patents