Nortel patent portfolio sells for $4.5 billion

Nortel headquarters Ottowa

The sell-off of bankrupt Canadian telecom giant Nortel is reaching its end stages, with a multi-day auction of over 6,000 patents and patent applications belonging to the company selling to a consortium including Apple, Microsoft, RIM, and others for some $4.5 billion in cash. The patents cover a wide range of wireless, 4G, data networking, Internet, voice, optical, and semiconductor technologies.

“We are pleased at the outcome of the auction of this extensive patent portfolio”, said Nortel chief strategy officer George Riedel, in a statement. “The size and dollar value for this transaction is unprecedented, as was the significant interest in the portfolio among major companies around the world.”

The auction took place over several days, and Nortel expects the deal to close during the third quarter of this year. The winning consortium is made up of Apple, EMC, Ericsson, Microsoft, RIM, and Sony. The members have not disclosed their levels of financial participation in the group, although Ericsson has said it put $340 million towards the deal.

The mammoth patent sale follows Google’ acquiring another block of Nortel patents in a $900 million “stalking horse” bid earlier this year that didn’t see any serious competitors. Nortel filed for bankruptcy in early 2009 and has been selling off its considerable assets to pay off creditors. Microsoft paid some $7.5 million for a large range of IPv4 Internet addresses controlled by Nortel.

Home Theater

Apple Music recommendations could get superpowers thanks to latest acquisition

Following the approval of its Shazam acquisition, a new report has surfaced saying that Apple has acquired music analytics firm Asaii, with its founders now members of the Apple Music team.
Cars

Watch this driverless Range Rover tackle one of U.K.’s ‘most challenging roads’

Jaguar Land Rover just sent its autonomous Range Rover Sport vehicle onto one of the U.K.'s "most challenging road layouts," and the automaker has posted a video online showing exactly how it fared.
Home Theater

Need more contrast in your life? Here’s what you need to know about HDR TVs

So what is HDR TV? In a nutshell, it’s the best thing to happen to TV since the arrival of 4K. Here's everything you need to know about the technology, what it can do, and why it’s a must-have.
Deals

The best Black Friday stores compared: Amazon, Walmart, and more

We've rounded up details about the best sales from today's top retailers, with information about when to shop and what to look for at each. Whether you're browsing in-store or online, we've got you covered.
Computing

Nvidia is slowly rolling out its next generation of GPUs. Here's what you need to know about them

Nvidia's new RTX 2000 series graphics cards are impressive pieces of hardware, with some amazing advancements and some rather high price tags to match. Here's everything you need to know about Nvidia's new top-tier cards.
Computing

Lenovo and Dell make great professional laptops, but who does it best?

Finding the best laptop for professional use at the office, on the move, and at home is no easy task. There's plenty to choose but to find the best of the best, we pitted the Lenovo ThinkPad X1 Extreme vs. Dell XPS 15.
Computing

Personal info of 30,000-plus Pentagon employees compromised in contractor breach

The Pentagon is facing another security problem after it was discovered that a contractor was responsible for a leak of data that affected more than 30,000 Pentagon employees, both civilian and military.
Emerging Tech

Here’s all the best gear and gadgetry you can snag for $100 or less

A $100 bill can get you further than you might think -- so long as you know where to look. Check out our picks for the best tech under $100, whether you're in the market for headphones or a virtual-reality headset.
Emerging Tech

What the heck is machine learning, and why is it everywhere these days?

Machine learning has been responsible for some of the biggest advances in artificial intelligence over the past decade. But what exactly is it? Check out our handy beginner's guide.
Computing

Did your Windows 10 audio stop working after the update? Microsoft has a fix

Microsoft has released a small patch for its October 2018 Update build of Windows 10 following some users facing audio issues that resulted in no sound output at all. After this fix, that problem should disappear for good.
Photography

Adobe’s Premiere Rush is a video-editing app designed for social media projects

At Adobe MAX 2018, Adobe unveiled updates across the board for all of its Creative Cloud apps, from the release of Premiere Rush CC, a social-focused video editor, to Project Gemini, a digital drawing and painting tool.
Computing

World’s first 49-inch, dual QHD curved monitor tops Dell’s new line of displays

Dell's world's first 49-inch dual QHD curved monitor and other new displays come packed with innovative design features and technologies aimed at meeting demands of workflows everywhere.
Computing

Updated Intel processor benchmarks still beat AMD Ryzen competitor, but by less

After some controversy, updated Principled Technologies testing shows the Intel i9-9900K with a reduced lead over the AMD Ryzen 2700X in benchmarks, and with the AMD Ryzen 2700 X seeing better performance. 
Home Theater

HDMI 2.0b is a whole lot more than just a connection to your TV

HDMI 2.0b is the backbone for many of the latest updates in 4K UHD technology. And while a new cable standard can often involve a bunch of changes for consumers, that is not the case this time around.