Buyers Guide CPA Awards Top 20 Under 40The Iron IndexEducation Series

Kodak Gets Patent Bid by Apple, Google

PrintAction Staff
December 10, 2012
By

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.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

Graph Expo 2015
Sun Sep 13, 2015
Sign China 2015
Wed Sep 16, 2015
OPIA 2015 London Golf Classic
Wed Sep 23, 2015 @ 8:00am - 05:00pm
Consac Imagemakers
Fri Sep 25, 2015