You are here: Home » International » News » Technology
Business Standard

Apple joins Google in bid for Kodak patents

Bloomberg  |  New York 

and have joined forces to offer more than $500 million to buy Eastman Kodak Co’s out of bankruptcy, said two people with knowledge of the situation.

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 neutralise potential infringement litigation. A group including Apple, and bought Nortel Networks Corp’s more than 6,000 for $4.5 billion out of last year. Google lost the auction for those after making an initial offer of $900 million.

The Apple-led group pursuing Kodak’s included Microsoft and Intellectual Ventures Management LLC as of this summer, the people said, while Google’s consortium included patent aggregation firm RPX Corp and Asian manufacturers of Google’s Android phones.

Niki Fenwick, a spokeswoman for Mountain View, California- based Google, said the company doesn’t comment on rumour or speculation. Christopher Veronda, a spokesman for Rochester, New York-based Kodak, declined to comment on the patent sale, citing a court-ordered confidentiality agreement. Kristin Huguet, a spokeswoman for Cupertino, California-based Apple, declined to comment.

First Published: Sun, December 09 2012. 00:00 IST