Submission + - The end is in sight for Nortel (thestar.com)
"Google Inc. is bidding $900 million (U.S.) to buy the Nortel Networks patent portfolio, which is practically the last major asset to be sold by the fallen Canadian technology giant.
Nortel expects Google’s so-called stalking-horse offer will be the opening bid of a robust auction, which could push the final price higher.
“This is an unprecedented opportunity to acquire one of the most extensive and compelling patent portfolios to ever come on the market,” said George Riedel, chief strategy officer and president of business units for Nortel."
It looks like the end is finally in sight for a company which effectively started back in 1882 and which should stand for all time as an example of what can go wrong to even the biggest companies.