Apple, Google said to be pooling $500+ million for Kodak patents

Kodak logoApple and Google are indeed teaming up to make a bigger offer to buy Kodak's digital imaging patents, according to sources speaking to Bloomberg. The companies reportedly joined their two independent consortiums—which had been competing against each other for the portfolio earlier this year—in order to collectively put together more than $500 million in order to win the ~1,100 patents.

Kodak filed for Chapter 11 bankruptcy in January of this year, putting up the digital imaging patents for sale in order to slim down the company. As noted by Bloomberg, Kodak already has $830 million in exit financing (that is, money it can use to get things going again once it emerges from bankruptcy), but the money is contingent upon the sale of the patent portfolio for at least $500 million. Apple and Google had been leading their own independent groups in attempting to buy the patents, but neither group was willing to break the $500 million barrier on their own.

But now, the two teams teamed up together so they can pool their money to buy the patents once and for all. The entire group goes beyond just Apple and Google—it reportedly includes other companies like Microsoft, Intellectual Ventures (the mysterious parent-seeming company of Lodsys, the firm suing independent app developers), another patent holding firm named RPX Corp., and "Asian makers of Google’s Android phones," according to the sources.

This rumor follows a similar one that popped up in August, which claimed that Apple, Google, Samsung, HTC, LG, and others had agreed to work together to buy Kodak's patents. As Chris Foresman wrote at that time, "[t]he interest here seems to be mutual benefit, as Kodak has aimed its digital imaging patents in lawsuits against Apple, RIM, HTC, Samsung, and other smartphone makers."

Source: Ars Technica

Tags: Apple, Google, Kodak

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments