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RPX will buy 4,000 patents from Apple and other Rockstar Consortium members for $900 million

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='http://www.imore.com/rpx-will-buy-4000-patents-apple-and-other-rockstar-consortium-members-900-million' title="RPX will buy 4,000 patents from Apple and other Rockstar Consortium members for $900 million"><img src='http://www.imore.com/sites/imore.com/files/styles/large_wm_brw/public/field/image/2014/10/iphone_blackberry_android_windows_phone_fixed.jpg?itok=o2z5G8Vb' />[/url]</p> <p>RPX has announced it will acquire the remaining 4,000 patents held by the Rockstar Consortium, which includes Apple (http://www.imore.com/apple) among its members, for $900 million. The agreement will also end the lawsuits that Rockstar had previously filed again a number of Android smartphone companies, including Samsung (http://www.androidcentral.com/samsung), HTC (http://www.androidcentral.com/htc), LG (http://www.androidcentral.com/LG) and Huawei (http://www.androidcentral.com/huawei)</p> <!--break--> <p>Apple teamed up with Microsoft (http://www.windowscentral.com/microsoft), BlackBerry, Ericsson, and Sony to purchase 6,000 patents from the defunct Nortel Networks for $4.5 billion in 2011, outbidding Google. 2,000 of those patents were distributed between those five companies, while the remaining 4,000 were collected under the Rockstar Consortium organization.</p> <p>RPX explained what it will do with those patents now that they are under its control:</p>

<p>RPX Clearinghouse will receive license payments from a syndicate of over 30 companies, including Cisco and Google. Upon closing, which is subject to regulatory approval and other customary conditions, syndicate participants will receive non-exclusive licenses to the Rockstar patents, and RPX Clearinghouse will make the patents available for license to all other interested companies under fair, reasonable, and non-discriminatory (FRAND) terms.</p>

<p>Rockstar announced a settlement with Google (http://www.imore.com/apple-backed-rockstar-wins-settlement-against-google) in November concerning seven search-related patents that Rockstar claimed Google had violated.</p> <p>Source: RPX (http://www.rpxcorp.com/rpx-news/rpx-news-releases/rpx-corporation-purchases-rockstar-patents/), Wall Street Journal (http://www.wsj.com/articles/rockstar-consortium-to-sell-4-000-patents-to-rpx-corp-for-900-million-1419345685)</p> </div></div></div><div id="comment-wrapper-nid-29100"></div><img width='1' height='1' src='http://tipb.com.feedsportal.com/c/33998/f/616881/s/41b95067/sc/21/mf.gif' border='0'/><br clear='all'/>

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Source: RPX will buy 4,000 patents from Apple and other Rockstar Consortium members for $900 million (http://feedproxy.google.com/~r/TheIphoneBlog/~3/LooZSRPXKEg/story01.htm)