Google bids $900 million for Nortel patent portfolio, will use it as shield against patent trolls (update)

Google and Nortel have agreed on the princely sum of $900 million to start off a “stalking horse” auction — wherein outside parties are still free to outdo Google’s bid — for the acquisition of Nortel’s rather vast patent portfolio. The sale comes as part of the latter company’s bankruptcy selloff and involves some 6,000 patents and patent applications, which encompass both wired and wireless communications, semiconductors, data networking, voice, and the internet — going so far as to even touch on web search and social networking. The thing is, Google’s not really enamored with these tidbits of intellectual property to the tune of nearly a billion dollars

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Google bids $900 million for Nortel patent portfolio, will use it as shield against patent trolls (update)