19
May
80207_modu_phone

Last month, Google bid $2 million for the patents of the now-defunct micro-cell phone company Modu, fueling speculation as to just what Google's plans would be with that intellectual property. Today, it was announced that the bidding process for the last remnants of Modu's legacy had ended, and Google was the winner (albeit by a narrow margin of $10,000), with a final offer of $4.9 million.

If you've never heard of Modu before, don't worry - the company came out of Israel, and was generally unknown to most of us in the US-of-A until it started having financial troubles.