U.S. DOJ Approves Apple Led Consortium’s Purchase of Nortel Patents

U.S. DOJ Approves Apple Led Consortium’s Purchase of Nortel Patents

Rockstar Consortium today announced that the waiting period for the US Department of Justice’s review of Rockstar’s acquisition of a majority of the former Nortel Networks patent portfolio has expired, and the company is free to complete the acquisition.

MacDailyNews reports:

…The portfolio consists of approximately 4,000 patent assets related to a broad array of networking, communications, and internet technologies.

These patent assets were a substantial component in the record-breaking auction this past summer, when Rockstar Consortium, made up of Apple, Microsoft, RIM, Ericsson and Sony, invested $4.5 billion to acquire Nortel’s portfolio from the bankruptcy estate. Nortel, a 100+ year-old telecom and networking pioneer, had developed the portfolio through tens of billions of dollars of R&D investment over the past few decades. Following the expiration of the waiting period, Rockstar is set to implement its plans to pursue licensing agreements with companies that are harnessing its intellectual property.

John Veschi, Chief Executive Officer of Rockstar, and formerly Chief IP Officer of Nortel, stated that, “We are pleased to emerge from this review process, and are looking forward to working with technology related companies to provide them with access to Rockstar’s technology. The entire industry has benefitted from Nortel’s groundbreaking innovations, and we are eager to work with them to establish licenses enabling the continued use of this technology.”

Rockstar Consortium US LP, and Rockstar Consortium Inc. (the Rockstar Companies) are jointly owned by Apple, Microsoft, RIM, Ericsson and Sony, and are chartered with managing the Rockstar portfolio on behalf of these owners.

  1. 952469 550059Hi my friend! I want to say that this post is awesome, nice written and consist of almost all significant infos. Id like to see far more posts like this . 272121

  2. 352690 173088Directories such given that the Yellow Websites want not list them, so unlisted numbers strength sometimes be alive far more harm than financial assistance. 291086

  3. 884195 854847Id should verify with you here. Which isnt something I often do! I take pleasure in reading a post that might make men and women feel. Furthermore, thanks for allowing me to comment! 558031

  4. 690893 968378I got what you intend, saved to bookmarks , very decent internet web site . 9455

Leave a Reply

Your email address will not be published.