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RIM Puts $770 Million into Collective Winning Bid for Nortel Patent Portfolio

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This is one of those announcements without much meat but it will become clearer soon. RIM just announced that they were part of the Ericsson consortium that participated with companies like Apple, Microsoft, EMC, and Sony. The total winning bid came out to $4.5 billion and we know RIM put $770 million towards that. Ericsson put in $340 million but we are not sure how the other parties break down.

It is still unclear how these 6,000+ Nortel patents and patent applications will be split among the collective winners but there are some big ones in there. Nortel had patents on LTE technologies and many others. Google put in a previous bid for $900 million which is obviously nowhere near what the final bid was. Most assumed Google would make a serious bid because of all their patent issues recently but they seem to have skipped on the offer.

Check out more details in RIM’s press release or from Forbes

Thanks DW for sending this in!

5 total comments on this postSubmit your comment!
  1. Lmmfao at the pictures! The visuals are the reason I chuckle so hard at work I get hiccups! Lol love it!

  2. I try :)

  3. Hope they get that LTE for them that’s all rim need now just test the water in the LTE world even though its not going to be complete for Verizon until 2013 enough time to get the os together & make extra cash

  4. Its great to see after stocks dropping RIM is still investing in the future of the company. Nice goin RIM. I hope they win the bid tho.

  5. this was a major blow to google long term. go rim go

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