Rockstar: Apple Inc., BlackBerry Ltd, Microsoft Corporation sell patents to RSX led by Google Inc
According to the Wall Street Journal, the RockStar consortium will sell more than 4,000 patents for some $900 million to RPX. The sale will be for most of Rockstar’s portfolio, but not all. It is not known which patents will remain. RPX has pledged not to use the patent cache offensively as a part of the deal.
The deal will also put an end to many high profile Android lawsuits as Rockstar will also end all ongoing litigation against Samsung, LG, HTC, and Huawei.
Who is Rockstar?
Rockstar is a patent consortium whose partners include Apple Inc. (NASDAQ:AAPL), BlackBerry Ltd (NASDAQ:BBRY)(TSE:BB), Microsoft Corporation(NASDAQ:MSFT), Ericsson (ADR) (NASDAQ:ERIC) and Sony Corp (ADR) (NYSE:SNE). The patents were originally purchased in a bankruptcy auction from Nortel Networks. The Rockstar consortium originally paid $4.5 billion for over 6000 patents in 2011,outbidding Google and divvying up 2,000 of the most important patents and then leaving Rockstar to work out deals for the remainder. The deal only includes patents not directly assigned to partners.
Who is RPX?
RPX represents 30 members which include Google Inc (NASDAQ:GOOGL) and Cisco Systems, Inc. (NASDAQ:CSCO). RPX or Rational Patent provides patent risk management via identifying and purchasing patent assets they identify as of high value, and of relevance and risk that they could be used offensively against members of the company’s client network.
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