Apple has been quietly acquiring sole ownership of Nortel patents.
Last year, Apple joined forces with Microsoft, Research in Motion, and Sony to form the “Rockstar Bidco consortium,” which outbid Google for more than 6,000 Nortel patents covering wireless and LTE technologies. Together, the consortium paid $4.5 billion for the portfolio, most of which — around $2.6 billion — came from Apple.
However, the Cupertino company has reportedly been quietly handing over more cash to secure sole ownership of select patents.
A consortium that included Apple won an auction for a collection of Nortel patents earlier this month with a bid of $4.5 billion. According to the company’s 10-Q quarterly report filed with the U.S. Securities and Exchange Commission, Apple’s contribution was a hefty $2.6 billion.
In a sign patents are playing an increasing role in protecting marketshare, Apple and a group of other companies paid an ‘unprecedented’ $4.5 billion to keep Nortel patents away from Google. How will the 6,000 patents be used? First stop, sue the pants of Android, experts predict.