This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Nortel's Patent; Blackboard Goes Private

Stocks in this article: GOOGAAPLMSFTORCLBBBB

NEW YORK ( TheStreet) -- Bankrupt Canadian telecom company Nortel has sold its patent portfolio for $4.5 billion to a consortium that includes Apple (AAPL) and Microsoft (MSFT). The group beat out Google (GOOG) and Intel (INTC) who were also vying for the 6,000 patent assets related to next-generation wireless technologies.

In April, Google made a $900 million stalking horse bid for the patents as a defensive move to prevent others from suing the search giant as it moves more aggressively into the mobile business through its Android platform.

Shares of Google fell 0.3% to $505.11 in pre-market trading on Friday.

Blackboard (BBBB), the educational software company, will be acquired by Providence Equity Partners for $1.6 billion, the companies said on Friday. Providence will pay $45 per share in cash for the company. Shares of Blackboard closed Thursday at $43.39.

Oracle (ORCL) on Thursday said that it is acquiring storage start-up Pillar Data Systems. Oracle CEO Larry Ellison already owns a 55% stake in Pillar and has loaned the company $544 million over the last several years.

Shares of Oracle fell 0.1% in pre-market trading on Friday.

The Federal Trade Commission is reviewing Twitter and its communication with another company, according to reports. UberMedia, another company that makes applications that allow people to read and send Twitter messages, has also been contacted by the FTC. The inquiry may involve whether or not Twitter was involved in anticompetitive behavior towards other developers and businesses using Twitter data, the reports said.

Facebook is launching a new feature next week that may be related to the mobile or tablet space, CEO Mark Zuckerberg told reporters on Thursday. The social networking giant is releasing "something awesome," he said, adding that the project had been developed in the company's Seattle-based engineering office.

--Written by Olivia Oran in New York.



>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

>To submit a news tip, send an email to: tips@thestreet.com.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,390.52 +195.10 1.13%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,630.7410 +64.6030 1.41%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs