Today search giant Google, announced that they have “decided to bid for Nortel’s patent portfolio in the company’s bankruptcy auction.” Reports are placing the bid at 900 million dollars, and should help Google alleviate some of the burdens, which will undoubtedly come up against Chrome and Android.
Here is a brief statement from the post by Kent Walker, Google’s Senior Vice President & General Counsel:
Today, Nortel selected our bid as the “stalking-horse bid,” which is the starting point against which others will bid prior to the auction. If successful, we hope this portfolio will not only create a disincentive for others to sue Google, but also help us, our partners and the open source community—which is integrally involved in projects like Android and Chrome—continue to innovate.
So what do you think about this? Is Google merely trying to find a way out of the patent debacle? Is this a smart move? We certainly think so! Perhaps, another big player will get in the mix and start a bidding war. Anyway, let us know what you think. For more information on Google’s bid for Nortel’s Patents, visit GoogleBlog.