Apple and Google Teaming Up on $500 Million Bid for Kodak Patents

MacRumors writes, Bloomberg reports that Apple and Google have joined forces to put forward a bid of more than $500 million to purchase the patent portfolio of bankrupt imaging pioneer Eastman Kodak. 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. Sources indicate that Apple had?

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Source: http://technewstube.com/macrumors/139812/apple-and-google-teaming-up-on-500-million-bid-for-kodak-patents/

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