Patents are becoming highly prized pieces of intellectual property in the high tech arena. While, Google has admitted that it has far fewer patents than many of its rival technology companies, Google made a $900m bid to acquire the patent portfolio of Nortel Networks, a bankrupt Canadian telecommunications manufacturer.
Google believes the additional patents could help it with potential lawsuits against its Chrome browser and Android mobile operating system.
According to one report, experts believe the final price could go well over $1billion and may be as high as $2billion.
The amount of money being spent helps illustrate just how important many companies believe patents are worth and how fierce the patent wars have become for companies like Apple, Google, Nokia and HTC, as they become increasingly involved in patent litigation.
If you have a patent or are interesting in discussing the use of patents in patent litigation, contact one of our Patent Attorneys.