Nvidia and Intellectual Ventures, a fund that acquires intellectual property, have bought about 500 wireless patents focused on LTE, 3G, and 4G.
The companies acquired the patents from IPWireless.
It has been a bull market for patents. Google acquired Motorola Mobility for $12.5 billion largely for its patent portfolio. Microsoft recently paid AOL $1 billion for patents. And beleaguered companies such as Kodak can get top dollar for patents. Meanwhile, analysts are valuing Research in Motion on patents too. Patent lawsuits among big players such as Oracle, Apple and Samsung abound.