Apple and Google Joining Forces On Kodak Patents Bid

[wraggster]

Bloomberg reports that Apple and Google have partnered to make a bid of more than $500 million for the Kodak patent portfolio (http://www.bloomberg.com/news/2012-12-08/apple-joins-google-in-500-million-plus-bid-for-kodak-patents.html). 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, and RIM bought Nortel's 6000+ patents (http://yro.slashdot.org/story/11/07/01/1344205/nortel-patents-go-to-apple-microsoft-sony-and-others) for $4.5 billion last year. 'Google lost the auction for those patents after making an initial offer of $900 million.

http://apple.slashdot.org/story/12/12/08/1359235/apple-and-google-joining-forces-on-kodak-patents-bid