Judges in the United States and Canada Monday approved the sale of more than 6,000 Nortel patents to a consortium of technology companies that includes Apple, Microsoft, Ericsson and Sony for $4.5 billion.
The winning bid was five times the $900 million stalking-horse bid made by Google for Nortel’s portfolio that includes wireless, data and Internet patents. The consortium, which called itself Rockstar Bidco LP and includes EMC and Research in Motion (RIM), also beat out Intel in the four-day bankruptcy auction.
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