16 Apr 2011
BlackBerry maker RIM could be set for an audacious bid for Nortel's wireless technology patents in a deal which would have to top the $900m already offered by Google.
Citing two people familiar with the matter, Bloomberg reported on Saturday that RIM is currently considering the offer, which involves around 6,000 patents and patent applications.
Another option could be that RIM joins a group of technology companies including handset makers to bid for the patents, in a move which could see Google miss out, one of the sources told Bloomberg.
The portfolio includes patents for wireless video as well as Long-Term Evolution technologies , which could become a key in the next few years as such services are switched on in the UK, US and beyond.
The rules of the bidding process stipulate that any company wanting to match Google's bid must offer at least $929m, and any subsequent bids must be at least $5m more, said Bloomberg.
Canadian telecoms equipment maker Nortel entered into administration in 2008 and has been selling off pieces of its sizeable business ever since. Nokia Siemens Networks, Ericsson, Avaya, Ciena and Genband are among the vendors to have benefitted.
Google has said it is looking to acquire the patents to use as a defence against legal challenges, such as those faced from Oracle and Microsoft over Android.
Latest stories from Mergers
Related articles
Related jobs
Poll
Are you confident that the UK's IT infrastructure is secure from attack in the wake of the Flame malware revelations?
V3 examines the key strengths and weaknesses of Samsung's latest iPhone killer
Connect with V3.co.uk
Social networking is almost ubiquitous. This white paper examines the benefits and risks and it looks at the different ways companies can reconcile them
The importance of understanding your infrastructure
Java Deveoper/Programmer/Software Engineer, Algo Trading...
Austin Fraser has the pleasure of appointing a number...
Austin Fraser has the pleasure of appointing a Java Developer...
Austin Fraser has the pleasure of appointing a Senior...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?