Tuesday, February 14, 2012
DOJ Likely to Clear Rockstar Bidco's Nortel Patent Purchase
Looks like the Justice Department plans to approve the $4.5 billion sale of Nortel?s wireless technology patents to a consortium led by Microsoft and Apple. Sources familiar with the matter say the DOJ has addressed concerns that the consortium might use the patents to unfairly hamstring competitors. It's not clear when the DOJ will issue its approval, but when it does some 6,000 wireless patents will be transferred over to Rockstar Bidco, an alliance that also includes Research In Motion, Sony, Ericsson AB and EMC.
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