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July 29, 2011 / David Bleeker

Patents: The new Big-Business currency

Christian Zibreg provides details on the ongoing saga between the current patent traders and their legal positioning:

Anticipating Android backers will face legal hurdles as Apple now has the upper hand in its case against HTC (here and here), Google has stepped up and bought more than a thousand IBM patents for an undisclosed sum. The news was first reported by the blog SEO by the Sea and picked up by The Wall Street Journal. The search company might use IBM inventions as a leverage against pending lawsuits that indirectly involve its Android software.

Google failed to outbid the Apple-led consortium which paid $4.5 billion for Nortel’s treasure chest of more than 6,000 patents covering wireless technologies, among them crucial inventions related to fourth-generation cellular networks. The new patent deal is in line with Google’s focus on snapping up patent portfolios left and right in creating a “disincentive for others to sue Google”, as noted on their official blog back in April.

[read more]

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