Pursuits
Nortel, Starbucks, Sprinkles, Google: Intellectual Property
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The Canadian government won’t review the sale of Nortel Networks Corp. patents under the country’s foreign-investment law, clearing the way for a group led by Apple Inc. to complete the $4.5-billion deal, Industry Minister Christian Paradis said yesterday.
“Based on the information provided by the investor and Nortel’s 2010 audited financial statements, the acquisition of the Nortel patents is not subject to review for net benefit under the Act,” Paradis said in an e-mailed statement.