Apple will no longer invest in patent troll Intellectual Ventures
Apple has chosen to pass on the opportunity to pour fresh money into Intellectual Ventures, a patent buying and assertion company founded and led by its chief executive officer Nathan Myhrvold. Following in Apple’s footsteps, chip giant Intel has distanced itself too from the controversial patent holding firm and declined further investment Intellectual Ventures was one of the top-five owners of U.S. patents in 2011. The patent assertion entity, however, has managed to persuade the Japanese consumer electronics maker Sony and the Windows maker Microsoft to invest in its latest acquisition fund, a move that will create a fresh war chest for Intellectual Ventures to buy new patents…...