Apple, Microsoft and Oracle Make Friends To Buy Novell Patents
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Join SI Premium – FREE
According to blog FOSS Patents, Apple (Nasdaq: AAPL) has formed a joint venture with Microsoft (Nasdaq: MSFT), EMC (NYSE: EMC), and Oracle (Nasdaq: ORCL) for the acquisition of 882 Novell patents.
The joint venture, CPTN Holdings LLC, was disclosed by the German federal antitrust authority Bundeskartellamt.
The filing was made on December 9, 2010.
According to the blog author, "Within the consortium, the four players will have to agree on a common denominator concerning the patents to be acquired. They've apparently been able to agree that those patents are valuable assets to own."
AllThingsD says a source told them that the partnership was "an alliance of convenience." Specifically, “We get to buy in at a cheap price and get a license to a very valuable portfolio,” a source inside one of the four companies said. “It’s cheap defensive insurance.”
Novell was acquired earlier this year by Attachmate.
The joint venture, CPTN Holdings LLC, was disclosed by the German federal antitrust authority Bundeskartellamt.
The filing was made on December 9, 2010.
According to the blog author, "Within the consortium, the four players will have to agree on a common denominator concerning the patents to be acquired. They've apparently been able to agree that those patents are valuable assets to own."
AllThingsD says a source told them that the partnership was "an alliance of convenience." Specifically, “We get to buy in at a cheap price and get a license to a very valuable portfolio,” a source inside one of the four companies said. “It’s cheap defensive insurance.”
Novell was acquired earlier this year by Attachmate.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- VICI Properties closes $1.75B senior unsecured notes offering
- Waymo wins California approval to expand ride-hailing service
- U.S. Physical Therapy names Nchacha Etta as CFO, effective Sept. 2026
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
