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By , ITworld |  Networking, Amazon, Android

Nortel Networks

REUTERS/Blair Gable

Need money? Sell your IP address. Microsoft just spent $7.5 million buying some.
IP addresses are running out, and scarcity means one thing: prices go up. How far up? Pretty far, since Microsoft just shelled out $7.5 million to buy a block of 666,624 IPv4 addresses. These came from the bankruptcy sale of Nortel networks as part of their liquidation. About 80 companies were contacted, an auction was held, more or less, and Microsoft ponied up the biggest pile of money. Read more.

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