RIM Participates in Winning Bid for Nortelís Patent Portfolio
Waterloo, ON - As announced separately today by Nortel Networks Corporation, a consortium of certain technology companies, of which Research In Motion Limited (ďRIMĒ) (Nasdaq: RIMM; TSX: RIM) is a part, emerged as the winning bidder for all of Nortelís remaining patents and patent applications for a cash purchase price of USD$4.5 billion. RIMís portion of the purchase consideration is approximately USD$770 million. The sale is subject to applicable Canadian and United States court approvals. Nortel plans to work diligently with the consortium to close the sale in the third quarter of 2011.
About Research In Motion (RIM)
Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerryģ solution in 1999. Today, BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe, Asia Pacific and Latin America. RIM is listed on the NASDAQ Stock Market (NASDAQ: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.
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