Kodak Gets Patent Bid by Apple, Google Print E-mail
Vendor Wire
Written by PrintAction Staff   
Monday, 10 December 2012

Kodak’s patents may finally be sold after a partnership between Apple and Google has reportedly bid the requisite $500 million for them.

The patents, 1,100 in all, are a major factor to the Rochester-based company receiving $830 million in funding from banks.

The Apple/Google bid comes a few days after a consortium of bidders reportedly offered the same value. The 1,100 patents were valued by Kodak itself at between $2.2 billion and $2.6 billion, but failed to gain any traction during an auction in September.

The partnership was likely formed to minimize the possibility of patent infringement litigation between the two rivals as well as keep the price down for Kodak’s patents.



Tags: Kodak  
 

Vendor Wire

Tuesday, November 25

SmartSoft Launches PressWise in Canada

SmartSoft of California, which develops workflow solutions for the printing, postal and data quality markets, ...

Tuesday, November 18

Agfa Releases Fortuna Version 8

Agfa Graphics has introduced version 8 of its Fortuna printing design software used to secure ...

Tuesday, November 18

Printable Electronics Association Begins in Canada

A new association focused on printable electronics has started operations out of Ottawa, Ontario. The ...

Tuesday, November 4

Drytac Introduces ChalkMate

Drytac, during the SGIA exposition in Las Vegas, introduced its new ChalkMate specialty chalkboard film, ...

Tuesday, November 4

HP Unveils Multi Jet Fusion

HP, after a long expectation based on its decades of inkjet printing and materials sciences ...

Tuesday, October 28

Agfa Titan HS Named Product of the Year at SGIA

Agfa Graphics’ Jeti Titan HS wide-format-inkjet printing system, which is manufactured in the company’s Mississauga, ...

Tuesday, October 28

Durst Introduces Rho 1312 and Rhotex HS

Durst, during last week’s SGIA Expo in the Las Vegas, introduced the automated Rho 1312 ...

Tuesday, October 21

Screen Launches W3200UV HS in North America

At SGIA this week in Las Vegas, Screen will make the North American launch of ...

Tuesday, October 21

Drytac Launches JetMounter Fuzion XD

Drytac is introducing its next generation of JetMounter roller laminators. The new JetMounter Fuzion XD ...

Tuesday, October 21

Hostmann Completes Rebrand to hubergroup Canada

Hostmann-Steinberg North America, Canada’s long-standing ink manufacturer, completed its rebrand to hubergroup Canada Ltd., taking ...

Tuesday, October 14

Fujifilm to Demo New Onset R40i and Acuity F at SG

The Graphic Systems division of Fujifilm North America Corporation at SGIA 2014 in late-October plans ...

Tuesday, October 14

Mimaki Introduces JV150 Series

Mimaki has expanded its JV printer series and CJV cut-and-print series with new JV150 and ...