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Consortium prevails over Google for Nortel patents (Update)

(AP) -- A consortium that includes leading smartphone makers Apple and Research In Motion prevailed over Google this week with a $4.5 billion cash bid for about 6,000 patents and patent applications from bankrupt telecom-equipment ...

Level 3 to acquire Global Crossing for $2 billion

(AP) -- Level 3 Communications Inc. said Monday it will acquire another top long-distance Internet carrier, Global Crossing Ltd., in an all-stock transaction valued at about $2 billion.

Icahn, Dish, debtholders vie for Blockbuster

(AP) -- Billionaire investor Carl Icahn, Dish Network and a group of debtholders are the three remaining bidders for movie-rental chain Blockbuster in an auction Tuesday at U.S. Bankruptcy Court in New York.

Blockbuster files for bankruptcy

US video rental giant Blockbuster declared bankruptcy Thursday, falling victim to digital delivery of movies by Netflix and kiosk outlets such as Redbox.

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