| BY THE APPLE GIRL
Finally GoogleChic and I are going to agree on something. Apple and Google have teamed up on a $500 million bid to acquire Kodak’s patent portfolio. The two companies are aiming to buy Kodak’s 1100 imaging patents out of bankruptcy as reported by Bloomberg.
Initially, according to reports, Apple and Google were leading separate consortiums bidding for Kodak’s patents – Apple with Microsoft and Intellectual Ventures and Google with its mobile hardware buddies Samsung, LG and HTC. It seems like Apple and Google may have learnt their lesson after their head on fight for Nortel patents last year (Google lost after offering $900 million while Apple, RIM and Microsoft shelled out a chunky $4.5 billion dollars).
The patents that Kodak is selling as part of its bankruptcy proceedings, relate to capture, manipulation and sharing of digital images. In the future, the company plans to focus on printing and enterprise services and less on photography. Kodak claims that the patents may be worth more – $2.2 billion to $2.5 billion and Kodak has made more than $3 billion in revenue by licensing its patents to companies like Samsung, Nokia, LG, Google, Nokia among others. The two behemoths, Apple and Google may be getting the best deal now that they are not competing with each other.