Saturday, February 12, 2011

nortel patent sale delayed

According to a story on Reuters, the sale of Nortel patents has been delayed. It was hoped that the sale of the patents would realize close to $1B. According to Reuters Nortel has not been able to get a high enough starting bid on the patents.


There are 4000 Patents registered with the US office and around 1500 Canadian patents.

Any cash generated by the sale of the patents will help raise the final Nortel estate that will be split between creditors in multiple countries.

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