Press Release: RIM Participates in Winning Bid for Nortel’s Patent Portfolio

Share This Post

Waterloo, ON –  As announced separately today by Nortel Networks Corporation, a consortium  of  certain technology companies, of which Research In Motion Limited  (“RIM”) (Nasdaq: RIMM; TSX: RIM) is a part,  emerged as the winning bidder for all of Nortel’s remaining patents and patent applications for a cash purchase price of USD$4.5 billion.   RIM’s portion of the purchase consideration is approximately USD$770 million.  The sale is subject to applicable Canadian and United States court approvals. Nortel plans to work diligently with the consortium to close the sale in the third quarter of 2011.

Related Posts

Apps for Couples to Explore Compatibility and Communicate More Thoughtfully

Relationship apps are most useful when they create a...

How to Choose the Perfect Home Decor for Your Business

Choosing the right home décor can have a major...

Questions Worth Asking a Funeral Home

What this covers Start With the Fact That You...

Commercial Build-Out Services in Dayton OH

A commercial property rarely fits a new business perfectly...

Moissanite vs Diamond: Which Is Right for You?

Choosing a gemstone for an engagement ring or another...

How to Add Products and Services to Your Cincinnati Google Business Profile

A Google Business Profile can do much more than...