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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Venezuela's Chavez says he was treated for cancer | 2:26am EDT Casey Anthony will not testify in murder trial 30 Jun 2011 Nearsightedness linked to serious eye disease 30 Jun 2011 Case against Strauss-Kahn near collapse: sources 2:56am EDT White House snubs McConnell invitation to Obama 30 Jun 2011 Discussed 99 Top Republicans insist no taxes in debt deal 85 White House snubs McConnell invitation to Obama 75 U.S. cost of war at least $3.7 trillion and counting Watched A Tokyo-Paris flight in under three hours on the horizon Fri, Jun 24 2011 Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Justin Wolfers on America's lost decade Thu, Jun 30 2011 Apple, RIM in group buying Nortel's patents for $4.5 billion Tweet Share this Email Print Factbox Factbox: Key legal battles in wireless industry Fri, Jun 24 2011 Related News Microsoft rolls out Office in the cloud Tue, Jun 28 2011 Los Angeles Dodgers baseball team files bankruptcy Mon, Jun 27 2011 Nokia, Siemens fail to secure investors: WSJ Sun, Jun 26 2011 Nortel patent sale attracts tech giants Fri, Jun 24 2011 Analysis & Opinion Rid of MySpace, Murdoch should focus on his space Tech wrap: And Myspace goes to . . . Related Topics Technology » Media » Steve Jobs » By Alastair Sharp and Renju Jose TORONTO/BANGALORE | Fri Jul 1, 2011 2:05am EDT TORONTO/BANGALORE (Reuters) - Apple Inc and Research In Motion are part of a winning consortium of six companies buying bankrupt Nortel Networks Corp's remaining patent portfolio for $4.5 billion, in a hotly contested auction that saw Google and Intel lose out. Microsoft Corp, EMC Corp, Sweden's Ericsson and Sony Corp were also part of the group, telecommunications gear maker Nortel said in a statement late on Thursday. The sale includes more than 6,000 patents and patent applications spanning wireless, wireless 4G, data networking, optical, voice, internet, semiconductors and other patents. The most prized ones relate to mobile broadband technology used in emerging 4G standards such as long term evolution (LTE). The auction drew interest from major technology companies including Google, which opened the bidding at $900 million in April, Apple and Intel -- a trio relatively new to an increasingly litigious mobile industry which is seeing booming demand for smartphones and tablets. "The size and dollar value for this transaction is unprecedented, as was the significant interest in the portfolio among major companies around the world," said George Riedel, chief strategy officer and president of business units at Nortel. RIM's portion of the purchase consideration is about $770 million, while Ericsson paid $340 million, the companies said in separate statements. The sale is subject to Canadian and U.S. court approvals which will be sought at a joint hearing expected to be held on July 11, Nortel said. Earlier on Thursday, Nortel obtained a court order to further extend the stay of proceedings under the Companies' Creditors Arrangement Act (CCAA) to December 14. The patents are the last major assets to be sold by Nortel Networks, a once-giant Canadian technology company which imploded as the tech bubble burst, and filed for bankruptcy protection in January 2009. Nortel raised around $3.2 billion for creditors by selling business units since then. Google has been a particular target of recent patent litigation, with Oracle Corp seeking $6.1 billion in damages over its Android software and Apple and Microsoft both targeting handset makers that use the software. (Editing by Anshuman Daga) Technology Media Steve Jobs Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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