According to a new revelation, Research in Motion is likely to top Google in its bid for securing a bunch of much sought after patents from Nortel.
The report also claimed that if RIM could pocket these patents, many potential ground breaking technologies like the LTE 4G networking standard, will fall into its hands.
Earlier in the month, a report by The Wall Street Journal had claimed that a bid of approximately $900 million was offered by Google for securing the bag of 6000 patents, currently under the Canada based Nortel Network Corporation. The bid was reportedly accepted by the company which went bankrupt back in 2009.
Expressing the company’s view on the issue, Google’s general counsel Kent Walker had earlier said in a statement (opens in new tab), “Google is a relatively young company, and although we have a growing number of patents, many of our competitors have larger portfolios given their longer histories”. Walker added, “So after a lot of thought, we’ve decided to bid for Nortel’s patent portfolio in the company’s bankruptcy auction".
If the reports of RIM planning to outbid the California based search giant are to be believed, there is a pretty good chance a fresh round of auction will be held in coming months.