Apple Inc. is said to be paying more than half of the total amount paid by a consortium of companies to acquire a portfolio of 6000 patents from bankrupt organisation Nortel in Canada.
According to tech website Computer World, the Cupertino, California-based software manufacturer has informed in a filing to the Securities and Exchange commission in the United States that it will contribute more than half of $4.5 billion, $2.6 billion to be precise to acquire Nortel patents.
The consortium that included software giant Microsoft Corp, Japan’s electronic behemoth Sony Corp., EMC, and Canada’s Research In Motion along with Apple Inc. collectively won the bid at $4.5 billion, outbidding Google Inc’s starting offer $900 million. Reports suggest that RIM has paid $770 million while EMC has contributed $340 million for the patents.
While the deal is pending subject to approval from regulatory authorities, acquisition of Nortel’s 6000 patents is expected to turn around the competition in largely growing Smartphone and tablet computer market. The patents will help Apple stay firm against the litigation and lawsuits being filed by rival companies against each other.
Apple is already fighting legal battles with rival companies such as HTC, and Samsung over patent infringement.