Google Makes $900 Million Stalking-Horse Bid For Nortel Patents
The patent system is busted. Tech rivals are throwing lawsuits at each other to shoot down competitive products instead of trying to win with innovative products. And Google’s had enough of being pushed around.
Today in a blog post to its official blog, Google has announced that it’s going to help fend off attacks on both itself and ecosystems of projects like Android and Chrome by bidding on the Nortel patent portfolio — a trove of valuable patents that relate to a variety of technologies, including wireless and networking.
From the post:
Today, Nortel selected our bid as the “stalking-horse bid,” which is the starting point against which others will bid prior to the auction. If successful, we hope this portfolio will not only create a disincentive for others to sue Google, but also help us, our partners and the open source community—which is integrally involved in projects like Android and Chrome—continue to innovate. In the absence of meaningful reform, we believe it’s the best long-term solution for Google, our users and our partners.
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