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Bidder Pays 15 million for Web Services Patents

An attorney for JGR Acquisitions reportedly has paid 15.5 million for dozens of Web Services patents put on the auction block by Commerce One.

On the United States Bankruptcy Court auction block were 39 patents owned by Commerce One, a bankrupt software company in Santa Clara, Calif., that's in the process of shutting down and liquidating its assets.

Lawyers for Commerce One seemed happy with the results of the auction.  Although several other major corporations bid in the auction, JGR prevailed:

JGR beat out seven other bidders, including two companies connected to Nathan Myhrvold, a former Microsoft executive who now runs Intellectual Ventures, a company that collects patents. One of those companies was ThinkFire Services USA, an intellectual-property consulting company in Clinton, N.J. The company, where Myhrvold serves as chairman and co-founder, bid as high as $14.3 million. Brissac, which also employs Myrhvold, bid as high as $14.9 million.


 

 
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