∞ Court approves sale of Nortel patents to Apple led group

Apple Inc, Microsoft Corp, Research in Motion Ltd and three other leading tech companies received court approval on Monday to buy wireless patents from the bankrupt Nortel Networks Corp for $4.5 billion.

That’s a lot of money, but there are 6,000 patents in the portfolio, so it could save the group of companies a lot of headaches down the road.

Courts approve Nortel patent sale to Apple/RIM group | Rueters