Apple, Google Bids Between $150 Million And $250 Million On Kodak Patents

Posted on Aug 7 2012 - 5:28am by Editorial Staff

With The Wall Street Journal last month report that Kodak getting two line of bidder for its patent portfolio: with on one side Apple, Microsoft teamed together and on other it is Google, Samsung, LG, HTC and patent aggregator RPX opposing them. The Journal is reporting that Kodak receives its two initial bids from investor groups including Apple and Google of between $150 million and $250 million.

Kodak early last month only got an approval from the Bankruptcy Court to conduct an auction to sell its Digital Capture and Kodak Imaging Systems and Services (KISS) patent portfolios. The patent said to be worth $2.6 billion that Kodak is selling in order to repay creditors. “Kodak believes that speculation about the details and potential outcome of the auction is inappropriate,” spokeswoman Stefanie Goodsell said on Monday.

 

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.