Apple’s Rockstar Selling Part of Assets

Rockstar Consortium, a high-power group of tech companies backed by Apple is eager to sell a part of its properties

Dec 25 2013, 9:16am CST | by

Apple’s Rockstar Selling Part of Assets
Photo Credit: Apple Insider

Rockstar came to the attention of the media in 2011 after purchasing Nortel patents worth $4.5 billion, backed by Microsoft, Apple, Ericsson, Blackberry and Sony. According to the report by Bloomberg, the consortium is now ‘in discussions’ to sell some of it. The reported reason for the sale is their difficulty in finding IP licenses.

There are more than 4,000 patents purchased from Nortel, and the consortium is willing to sell small portion of them. They sold one in July to Spherix, IP Company which paid for it with $1 million in stock, partly in cash in unknown amount and partly in a percentage of potential future profits.
There were rumors in 2012 that Apple was acquiring  quietly quite a number of Rockstar patents. As Rockstar backer, Apple already has access to its IPs, but it seems that for certain properties the company wants complete rights.  It is not certain which properties Apple acquired.

Nortel's patents included a wide variety of properties from numerous fields, including communications hardware, Internet services, and wireless technologies.

In October this year Rockstar sued Google, Samsung and some other companies for the infringement of internet search related IPs, and asked for future and past damages.

Source: Apple Insider

 
 
 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

iPhone 7 To Feature A New Flash Camera Unit
iPhone 7 To Feature A New Flash Camera Unit
Apple iPhone 7 has been expected to make an entry in late 2016. The expected month is September, which is the usual month of Apple flagship launch.However, the late launch never bothers the people who spread rumors....
 
 
Apple Is The Fourth Luxury Brand Of The World
Apple Is The Fourth Luxury Brand Of The World
Apple Watch has surpassed all the watches and has ranked as the topmost talked about and used Watch.An examination of different social media posts and consumer usage reports has shown that around 700 million posts has...
 
 
iPad Air 3 Leaked with LED flash and Four Speakers
iPad Air 3 Leaked with LED flash and Four Speakers
Recently, technical drawings for the upcoming iPad Air 3 were leaked online. According to the drawing, Apple iPad Air 3 will have an LED back flash, four-speaker audio setup along with the camera. The mentioned drawings...
 
 
Apple Q1 2016 Revenue Sets New Record Amidst Massive Growth Slowdown
Apple Q1 2016 Revenue Sets New Record Amidst Massive Growth Slowdown
Apple's revenue in the Holiday quarter was $75.9 billion. $1.3 billion more than in a year ago.