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By Ted Cruz
Israel saves its enemies; Hamas endangers its friends
Topic - Christian Paradis
The $4.5 billion sale of Nortel's patent portfolio to a consortium including Research In Motion Ltd. cleared another hurdle Tuesday as the Canadian government said the deal does not need to be reviewed under the Investment Canada Act.
Industry Minister Christian Paradis said that based on the accounting value of the portfolio, the sale would not be reviewed because it does not meet the $328 million threshold requirement.
"Based on the information provided by the investor and Nortel's 2010 audited financial statements, the acquisition of the Nortel patents is not subject to review for net benefit under the act," said Paradis.