Apple doc reveals $2.6b payout in Nortel deal | iLounge News

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Apple doc reveals $2.6b payout in Nortel deal

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By Charles Starrett

Contributing Editor
Published: Thursday, July 21, 2011
News Categories: Apple

A portion of text in Apple’s third-quarter 2011 Form 10-Q filing (PDF Link) reveals that the company is liable for more than half a $4.5 billion dollar bid to acquire the patent portfolio of Nortel Networks. As noted in the filing, Apple, “as part of a consortium, participated in the acquisition of Nortel’s patent portfolio for an overall purchase price of $4.5 billion, of which the Company’s contribution will be approximately $2.6 billion. This asset acquisition is subject to approval by various regulatory agencies.” Also involved in the consortium were EMC, Ericsson, Microsoft, Research In Motion, and Sony. [via Mac Rumors]

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