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Tuesday, April 5, 2011

Google Patent Bid Chosen By Nortel As Starting Point

Former Canadian Tech Giant Nortel, now in bankruptcy, has selected Google's $900 million bid for it's patent portfolio as the “stalking-horse bid," or the starting point at which other bids will be measured during the auction of the portfolio.

Kent Walker, Senior Vice President & General Counsel for Google posted on the Official Google Blog that the bid is an attempt by Google, "... a relatively young company..." to build it's patent portfolio because "... a company’s best defenses against this kind of litigation is (ironically) to have a formidable patent portfolio, as this helps maintain your freedom to develop new products and services."

Mr. Walker points to Google's stand on patent reform "...which we believe will benefit users and the U.S. economy as a whole."