The Nortel patents auction saga took another twist Wednesday when Canadian Industry Minister Christian Paradis said that his government will hold an investigation into the sale to establish whether it complies with the terms of the Investment Canada Act.
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Social gaming giant Zynga has filed for its much-anticipated initial public offering in the US. While the company has yet to put a price tag on the shares, as part of the process of calculating its registration fees with the Securities and Exchange Commission (SEC), Zynga has estimated it will raise $1bn from the sale.
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The bunfight for Nortel’s patent chest concluded yesterday, with Chief Strategy Officer George Riedel’s announcement that “following a very robust auction”, the winning bid came from a buyer too big for even Google to take on. Following months of speculation and a $900m kick-off bid from Mountain View, the booty has gone to a consortium that reads like a Who’s Who of the tech industry: Apple, EMC, Ericsson, Microsoft, RIM and Sony. Even with names like that in the mix, the $4.5bn price paid is still pretty eye-watering or, as Nortel’s Riedel preferred to put it, “unprecedented.”
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Taiwan’s Taipei City Government has accused Google of attempting “to hold Taiwan’s consumers hostage, in exchange for the privilege of refusing to follow Taiwanese law.” The accusation arises from a dispute between Google and Taiwanese regulators that has resulted in the suspension of all paid-for applications in the Android market in that country.
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Google has announced its entry into the games market via a job posting on its web site. The role of “Product Manager, Games”, will be based at Google’s Mountain View HQ and comes with a fairly broadly defined job description suggesting that the company’s strategy is very much in its infancy.
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Microsoft’s bid for Skype has received the go-ahead from American anti-trust regulators, following an “early termination” of a review into the proposed sale. Under America’s Hart-Scott-Rodinho (HSR) Act, certain types of large mergers and acquisitions deals must be submitted for review by the government.
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Microsoft has joined HP, Motorola Mobility and Nokia in a growing line of tech companies opposed to Google’s proposed $900m purchase of Nortel’s patent assets. According to Redmond, a 2006 deal means that Microsoft has a “worldwide, perpetual, royalty-free licence to all of Nortel’s patents” and that this agreement is binding regardless of who buys the intellectual property.
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As interest in defunct kit maker Nortel’s patent portfolio heightens, the US Department of Justice (DoJ) is reported to be taking a close interest in the bidders. Apple is the latest company reported to be interested in making a purchase after Google opened bidding with a $900m offer in April. Now the DoJ is said to be concerned that the patents will be used to stymie competition in the telecoms sector.
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Google has announced the open sourcing of its WebRTC framework for real time browser-based video and audio communications. The technology, which Google acquired when it bought Global IP Solutions last year, has been released under a royalty-free BSD license.
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We’ve had Moore’s Law and Metcalfe’s Law, now the technology world is doing its bit for re-jigging Newton’s third law of motion: for every legal action, there is an equal and opposite lawsuit.
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