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.

Related

  1. The Big Four Wireless Carriers Join Together for Anti-Texting and Driving Documentary
  2. AT&T ‘Expands’ FaceTime Over Cellular to More Users, Unlimited Users Still Left Out
  3. Apple Store Down in Anticipation of (PRODUCT)RED iPhone 7 and New 9.7-inch iPad Launch, Re-Opens at 11:01 Eastern Time
  4. Ultrabook PC Makers Struggling as Apple Locks Up Metal Chassis Supply
  5. Pros vs. Amateurs – Analysts Predict the Number of iPhones Apple Sold in Fiscal Q4 2013
  6. Rhapsody and T-Mobile Team Up for ‘Rhapsody UnRadio’ Ad-Free Internet Radio Service
Apple Giveaways

iPhone X Giveaway

$999

Enter

MacBook Pro Giveaway

$1499.00

Enter

10.5″ iPad Pro Giveaway

$649.00

Enter

iPhone 8 Plus Giveaway

$800.00

Enter
Share