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Rockstar, a consortium backed by Apple, Microsoft, Sony, and other tech giants, is planning to sell off most of its patent portfolio, according to Bloomberg. The group beat Google in a bidding war for these patents, which previously belonged to Nortel, but is now seeking to off-load them—or at least the ones that have served no purpose.
Rockstar does plan to hold on to a few of the key patents, specifically the ones involved in lawsuits against Google and other companies. Several of the patents have already been sold to Spherix Inc. as part of a deal that would include Rockstar sharing in any future financial profits based on the patents, according to the report. Sales of the remaining patents could result in similar arrangements.
Filed under: AAPL Company Tagged: consortium, Lawsuit, patents, Rockstar, sale 
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