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Canadian math

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Vexcalibur
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20 Jul 2011, 7:46 pm

http://www.thestar.com/business/compani ... atent-sale

Haha, well, just found the need to share it.

Quote:
Ottawa will not move to block Nortel Networks Corp.'s $4.5 billion (U.S.) patent sale to a group led by Apple Inc., saying the accounting value of the deal falls below the $312 million threshold that would trigger a formal review.


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Chronos
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20 Jul 2011, 11:02 pm

Vexcalibur wrote:
http://www.thestar.com/business/companies/nortel/article/1027230--ottawa-won-t-review-nortel-patent-sale

Haha, well, just found the need to share it.

Quote:
Ottawa will not move to block Nortel Networks Corp.'s $4.5 billion (U.S.) patent sale to a group led by Apple Inc., saying the accounting value of the deal falls below the $312 million threshold that would trigger a formal review.


Eh?



sliqua-jcooter
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21 Jul 2011, 12:02 am

I'm pretty sure what they're saying is that the Canadian law that establishes the threshold looks at the value of the assets being sold, as opposed to the price being offered as the deal.

In the realm of Intellectual Property, the value of the patents would be directly related to the money received from royalties based on those patents, which is probably nowhere near the 4 billion that they are being sold for.