Canadians drop Nortel probe as InterDigital considers its own patent sale 20 Jul 11
Another potential obstacle in the way of the transfer of patents from Nortel to the six-company Rockstar Bidco consortium which successfully bid $4.5 billion for the bankrupt company’s portfolio in late June has now disappeared. This follows an announcement from the Canadian government that it will not seek to review the sale under the terms of the Investment Canada Act. "Based on the information provided by the investor and Nortel's 2010 audited financial statements, the acquisition of the Nortel patents is not subject to review for net benefit under the act," said industry minister Christian Paradis yesterday.
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