Google Places Bid For Nortel Patent Library
Google has initiated a bid of $900 million for the patent library of Nortel. The library hasn't been sold outright, and other companies can still bid on it. This situation appears as a win for both sides. Google gains access to roughly 6,000 patents encompassing a broad range of technology. Nortel gets a lot of money as it goes through bankruptcy proceedings. Google has announced that this move is in order to "create a disincentive for others to sue." Microsoft thought it was worth noting that it will retain access to all of Nortel's patents free of charge due to a previous agreement.