Google Bids $900 Million For 6,000 Patents
Nortel has announced plans to sell all of its remaining patents and applications to Google for $900 million, unless of course there is a better bid. Google’s throwing down the big bucks for 6,000 patents (not pictured), covering wired, wireless and digital communications technologies. Although ZDnet speculates that some of these patents will be used for Google’s mobile operating system, Android, it is uncertain what the majority will be used for. Google stated in so many words that the more the merrier, in terms of patents, and that having access to a large range of patents would allow them greater freedom to continue developing revolutionary products and services.
Google also mentioned that obtaining the patents would be a wise decision given that the company was relatively young and perhaps disadvantaged against other companies that have been in business longer. If the deal goes through, Google would get patents for wireless, 4G, data networking, optical, voice, semiconductors, and other telecommunication areas. Nortel claimed that there were multiple rounds of bidding from several parties, so it is not yet certain if Google will be the winning bidder. However, with Google’s assets, I don’t think losing an auction is much of a worry for them. What do you guys think of this deal? Is Google getting too powerful? Do you think Google will ever be satisfied with their company’s size? Drop us a few comments, we’d love to hear from you!