Apple has received the green light from US anti-trust officials to join the bidding war for Nortel’s prized patent portfolio.
Steve Jobs’ firm won the right to bid on over 6,000 patents held by Nortel, after being cleared by the US Justice Department.
It will now join other bidders, including Google, Intel and Ericsson, which all have to make their offers before the 27 June deadline.
The patents cover wireless, data and optical networking, voice, internet, semiconductor and other technologies.
They went on sale afte Nortel filed for bankruptcy back in 2009.
The leading bidder up until now has been Google. The Silicon Valley giant put in an initial stalking horse bid of US$900 million for the patents, which was expected to encourage higher offers from rivals.
RIM was also in the running, although its ability to outbid the competition was in doubt following its most recent set of weak financial results.
The auction will take place at the offices of Nortel’s legal firm next week. No announcement on the bids will be made until a winner has been established.
However, the US Justice Department's anti-trust group would stay with the deal and ensure no rules were broken.
Copyright © iTnews.com.au . All rights reserved.
Issue: 339 | June 2015
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.