Apple and Google Team Up to Offer Kodak $500 Million for Its Patents?

Apple and Google Team Up to Offer Kodak $500 Million for Its Patents?

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Apple and Google have reportedly teamed up to offer Kodak $500 million for its patents, according to Bloomberg.

The two companies, competing for dominance of the smartphone market, have partnered after leading two separate consortia this summer to buy Kodak’s 1,100 imaging patents, said the people, who asked not to be identified because the process is private. Unlikely partnerships are typical in patent sales because they allow competitors to neutralize potential infringement litigation. A group including Apple, Microsoft Corp. (MSFT) 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.

Kodak has filed for bankruptcy protection and has obtained commitments for $830 million exit financing contingent on the sale of its digital imaging patents for at least $500 million.

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Apple and Google Team Up to Offer Kodak $500 Million for Its Patents?
Lumia1000 - December 8, 2012 at 6:51pm
Google and Apple? Its not gonna happen.
Lumia1000 - December 8, 2012 at 11:09am
Why iclarified copying other website thread and content? Suckers!!!
Javed - December 8, 2012 at 10:44am
Nooo, because as soon as Koda innovates a new product, here comes iCrapple filing a lawsuit for infringment..
mark - December 8, 2012 at 1:03pm
you don't know what you're talking about.
javed - December 8, 2012 at 5:57pm
And your an Apple fanboy...
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