After Google failed to buy patents from Nortel Group which was auctioned off earlier this month, the Internet giant is now looking at buying out InterDigital, a US based wireless chip technology, reports Wall Street Journal.

Currently, InterDigital is priced at $3.11 billion. InterDigital registered revenue of $395 million in the last fiscal year. It seems that Google is desperate to buy InterDigital as they need patents in order to grow in the future.

Even at the auction, a consortium formed by Microsoft, Apple and Research In Motion (BlackBerry maker) managed to snatch away all the patents available from the bankrupt Nortel Group. Regarding InterDigital sale, their Board of Directors are currently contemplating whether they should sell the entire company or just the patents to Google Inc.

Google is currently growing at much faster pace than anybody else in the mobile industry, thanks to the Android madness. But in order to continue their growth, they need to keep investing in patents which might just hold a future technology. Florian Mueller, Intellectual Property Analyst, says, “Google must keep trying to buy strategic patent assets.”