Google Rivals for Nortel Assets May Mean Bids Top $1 Billion
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Google Inc. is facing possible rival bids for Nortel Networks Corp.’s portfolio of technology patents that could push the sale price to more than $1 billion.
RPX Corp., a San Francisco-based patent-buying firm, is considering a bid for the assets, Andrew Kent, an attorney for the company, said during a bankruptcy court hearing this week. Research In Motion Ltd. is also weighing an offer, two people familiar with the company’s plans said last month.