THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Google bids $900m for Nortel patents

Bloomberg News / April 5, 2011

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

SAN FRANCISCO — Google Inc. offered $900 million in cash for the rights to Nortel Networks Corp. patents as the world’s biggest Internet search company seeks to stave off lawsuits by bolstering its portfolio of intellectual property.

Nortel, the Canadian phone equipment maker that filed for bankruptcy protection in January 2009, selected Google for a “stalking horse’’ agreement, a starting point against which others bid prior to an auction, Nortel said in a statement yesterday. The planned sale includes about 6,000 patents and patent applications for wired, wireless, and digital communications technologies.

Google is moving into areas such as mobile and desktop operating systems to broaden sales, a strategy that has spurred patent lawsuits from companies including Oracle Corp.