The Rockstar Consortium is free to proceed with its acquisition of thousands of Nortel patents.
Wednesday, 14 March 2012 10:50
The review period imposed by the US Department of Justice has expired, leaving the Rockstar Consortium free to proceed with the acquisition of around 4000 patents held by Nortel’s bankruptcy estate.
Rockstar comprises Apple, Microsoft, RIM, Ericsson and Sony. The consortium is paying $4.5 billion for the patent portfolio.
“We are pleased to emerge from this review process, and are looking forward to working with technology related companies to provide them with access to Rockstar’s technology,” said John Veschi, CEO of Rockstar. “The entire industry has benefitted from Nortel’s groundbreaking innovations, and we are eager to work with them to establish licenses enabling the continued use of this technology.”
Mr Veschi was formerly chief IP officer of Nortel.