Wired magazine notes that some call them a "straight-up patent troll". In 2012, Business Insider listed Rockstar as number 3 on its list of the 8 most fearsome patent trolls in industry. Rockstar will also receive a percentage of future profits from Spherix after recovery of patent monetization costs and an initial priority return on investment to Spherix. Spherix Incorporated, a company founded by Gilbert Levin, has acquired four families of mobile communication patents from the Rockstar Consortium in exchange for initial consideration of up-front cash and Spherix common stock. Rockstar is a patent holding non-practicing entity and submitted the winning US.5 billion bid for the Nortel patents at a week-long auction held in New York in June 2011. Members of the consortium are Apple Inc., BlackBerry, Ericsson, Microsoft, and Sony. Rockstar Consortium Inc., originally named Rockstar Bidco, is a consortium formed to negotiate licensing for patents acquired from the bankrupt multinational telecommunications and data networking equipment manufacturer Nortel.
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