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Google bids USD $900 million for Nortel patents Print E-mail
Posted by Will Smith   
Tuesday, 05 April 2011 01:09

This is where CASH comes in real handy, especially for big companies like Google and Micro$oft. The patent deal is worth $900 million, but the real value of these patents in the long run are worth quadruple that, or even more.

"Google has made a $900m bid for the patent portfolio of Nortel Networks, the bankrupt Canadian telecom equipment maker. The patents could help arm it against potential lawsuits aimed at its Chrome browser and Android mobile operating system.

Patents are becoming highly prized pieces of intellectual property. Experts told the BBC they believe the final price could go well over $1bn and may be as high as $2bn."

Source: BBC


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