Wednesday, October 26, 2011

Apple Reports Nortel Patent Purchase in 10-K

Apple filed its 10-K today and reported its role in the acquisition of the Nortel patent portfolio:

During 2011, the Company, as part of a consortium, acquired Nortel Networks Corporation’s patent portfolio for an overall purchase price of $4.5 billion, of which the Company’s contribution was approximately $2.6 billion. The majority of the acquisition price has been recorded in acquired intangible assets, which the Company expects to amortize over seven years. The Department of Justice is reviewing this transaction.

 

 

No comments: