Apple Inc. has been shown the green-flag to carry on with its plans to place a bid on a group of patents from the Canada based technology company Nortel.
The patent portfolio by Nortel comprises of near about 6000 patents that includes many potentially ground breaking technologies.
The auction was originally scheduled to be held on June 20, but now has been postponed till June 27.
The Wall Street Journal reported on Friday that Intel, Apple and Ericsson AB is going to "vie with Google" to purchase the patent portfolio in offering from the now bankrupt telecom equipment maker.
Another patent risk mitigation services provider RPX has also been reportedly included as a qualified bidder. While Apple and Intel was registered as separate bidders, RPX and Ericsson AB were accepted “as part of one or more consortiums,” AppleInsider reports.
According to more “inside sources” as claimed by the AppleInsider report, both Apple and RIM are under scrutiny as they “are perceived as being more aggressive with their intellectual property”.
Also, there have been reports of RIM making an offer even bigger than the one made by Google. However, according to many analysts, that is highly unlikely, especially keeping in mind of the company’s recent financial troubles.