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Bloomberg Report Apple and Google Joining Forces on Kodak Patents Bid

TrueSatan (1709878) writes | about a year and a half ago

Google 0

TrueSatan (1709878) writes "Bloomberg report that Apple and Google have partnered to make a more then $500 million bid for the Kodak patent portfolio. The bid relates to Kodak's 1,100 imaging patents.

Kodak obtained commitments for $830 million exit financing last month, contingent on its sale of the digital imaging patents for at least $500 million.

  This is likely to be an opening bid with the final figure being far larger...by comparison a group including Apple, Microsoft Corp. and Research in Motion Ltd. bought Nortel Networks Corp.’s more than 6,000 patents for $4.5 billion out of bankruptcy last year. Google lost the auction for those patents after making an initial offer of $900 million."

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