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Apple Joins Microsoft, RIM in $4.5 Billion Buy of Nortel Patents

Apple Inc. joined with rivals Microsoft Corp. and Research in Motion Ltd. to outbid Google Inc. for a patent portfolio from Nortel Networks Corp. and gain rights to technologies for mobile phones and tablet computers.

The group, which also includes Sony Corp., Ericsson AB and EMC Corp., agreed to pay $4.5 billion in cash for the assets, Ontario-based Nortel said in a statement. The companies aim to complete the sale this quarter pending approval from U.S. and Canadian courts, it said.