Wealth of Ideas Newsletter, November 2013
Over two years ago, a bankrupt Nortel Networks auctioned off its IP – and a bidding frenzy ensued. Google’s bidding went as high as $4.4 billion, but a group of Big Tech companies calling itself “Rockstar Bidco” won the IP with its bid of $4.5 billion.
Google – justifiably nervous about what over 6,000 patents in the hands of its biggest rivals would mean for the Android OS and manufacturers of Android devices – spent $12.5 billion to acquire Motorola Mobility and its IP. And then the IP world waited.