Apple and Intel among those entering the Nortel auction

Nortel decided to extend the deadline for the start of the auction for its patents until June 27 citing “significant interest” from third parties. Today we learn that two Silicon Valley giants are significantly interested in Nortel’s war chest of more than five thousand wireless patents said to be worth well over a billion dollars. They are Apple and Intel, reports The Wall Street Journal.

Other bidders include Ericsson AB and a company called RPX Corp which “defensively buys up patents on behalf of other companies to stop them from being used against them by investors”.
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