Rockstar sells 101 patents to Spherix
Managing IP is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX
Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Rockstar sells 101 patents to Spherix

The Rockstar Consortium, an organisation formed by companies including Microsoft and Apple to acquire the Nortel patents, has agreed to sell a portfolio of 101 patents to IP monetisation company Spherix.

The patents relate to access, switching, routing, optical and voice communication network devices. Spherix said in a statement yesterday that Rockstar is sharing usage information with Spherix and will help with efforts to commercialise the patents.

Anthony Hayes, CEO of Spherix, said the patents are "used daily by consumers and businesses" and "cover the way traffic, video and voice are carried over public and private networks."

"We believe this is a very valuable patent portfolio, containing both industry standard patents and patents found in product implementations of various Internet service and network device vendors throughout the world," said John Veschi, CEO of Rockstar.

This is the second time Spherix has bought intellectual property from Rockstar. In July last year, Rockstar sold seven patents relating to mobile communications to Spherix for an undisclosed sum, plus $60 million in stock and a percentage of projected profits.

The consortium, which also includes BlackBerry, Sony and Ericsson, acquired over 4,000 patents from Nortel for $4.5 billion in July 2011 after Nortel went into bankruptcy proceedings. The consortium outbid Google, which placed a final offer of $4.4 billion for the patents in the auction.

Rockstar was given clearance to purchase the Nortel patents by the Department of Justice on the condition that it licenses them on fair, reasonable and non-discriminatory (FRAND) terms.

In October last year, Rockstar sued Google for infringing some of the Nortel patents.

In August last year, Spherix filed a complaint against cordless telephone manufacturer Vtech and a complaint against wireless communications company Uniden.

more from across site and ros bottom lb

More from across our site

Partners and other senior leaders must step up if they want diverse talent at their firms to thrive
European and US counsel reveal why they are (or aren't) concerned about patent quality and explain how external counsel can help
Firms such as Bird & Bird and Taylor Wessing have reported rising profits and highlighted the role of high-profile IP disputes and hires
We provide a rundown of Managing IP’s news and analysis from the week, and review what’s been happening elsewhere in IP
Lawyers in the corporate and IP practices discuss where the firm can steal a march on competitors, its growth plans in London, and why deal lawyers are ‘concertmasters’
Kathleen Gaynor, DEI specialist at Phillips Ormonde Fitzpatrick, says deliberate actions can help law firms reach diversity goals
Scott McKeown, who moved to Wolf Greenfield one year ago, says the change has helped him tap into life sciences work and advise more patent owners
The winners of our Asia-Pacific Awards 2024 will be revealed during a ceremony in Malaysia on September 26
Zach Piccolomini of Wolf Greenfield explains how to maximise your IP portfolio’s value while keeping an eye on competitors
Witnesses at a Congressional hearing debated whether reforming the ITC is necessary and considered what any changes should look like
Gift this article