Microsoft has purchased 666,624 IP addresses from bankrupt Canadian company Nortel at a cost of $7.5 million.

The cost per address is $11.25 (£6.97).

The shortage of IPv4 addresses means that companies are desperate to buy any that become available ahead of the switch to IPv6.

Story Source: http://www.pcpro.co.uk/news/366286/microsoft-pays-7-5m-for-ipv4-address-stash