Google’s bid to buy $900m worth of Nortel patents and patent applications was approved on Monday. The planned sale required the approval of courts overseeing Nortel’s bankruptcy proceedings in Canada and the US. Under the terms of the auction, other parties may submit bids until June 13th, with the auction taking place on June 20th. Nortel filed for bankruptcy protection in 2009.
Nortel Networks is to continue its post-bankruptcy asset sell-off, announcing the sale of its remaining patent portfolio to Google. The search giant is said to have offered $900m in cash in a “stalking horse” arrangement that could yet see another bidder come in with a higher offer. The patents in question are said to include both granted and pending applications covering wireless, 4G/LTE, data networking, optical, voice, social networking and internet, among others
Following its acquisition of mobile platform SavaJe in April, computer giant Sun Microsystems has pledged to take another crack at the “write once, run anywhere” promise of Java on the mobile. Speaking at the 2007 JavaOne conference in San Francisco on Tuesday, Rich Green, executive vice president of Sun Software, unveiled the first in a [...]
Sun Microsystems late on Thursday, announced an agreement to acquire the intellectual property assets of SavaJe, the Java-based mobile operating system developer. The IT giant would say nothing further on the acquisition, other than that more details will be revealed at the annual JavaOne Conference to be held in San Francisco, May 8-11. Despite the [...]
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