Nokia, Borders, Firehouse, Angels: Intellectual Property

Nokia Oyj transferred about 2,000 patents and patent applications to Mosaid Technologies Inc., a Canadian owner of intellectual property in electronics, in a move that may reduce administration costs.

Mosaid will keep one-third of revenue from the patents and give two-thirds to Nokia and Microsoft Corp., John Lindgren, chief executive officer of the Ottawa-based company, said in an interview. Microsoft has a partnership with Espoo, Finland-based Nokia, which is using its software in smartphones.