The sad saga of Nortel Networks is coming to an end. A former telecommunications giant that once employed more than 8,000 people alone in the Research Triangle and 95,000 people around the world says it has wrapped up the sale of all its business units and patents as part of its liquidation through bankruptcy. In an update filed with regulators on Thursday, Nortel said the sales have produced $7.8 billion. The company recently received court approval to proceed with bankruptcy matters through Oct. 31. In its latest filing, Nortel said it plans no further quarterly financial reports after the third quarter, the Canadian Press reported. Nortel filed for bankruptcy in 2009. Last week, Nortel sought bankruptcy court approval in New Jersey to terminate payment of health benefits to its retired U.S. workers. However, creditors continue to fight for their share of Nortel assets – including European affiliates.