Apple, Google Reportedly Teamed Together To Offer Over $500 Million For Kodak Patent Bid

Posted on Dec 10 2012 - 11:23am by Editorial Staff

We reported back in August that both Apple and Google bid for Kodak patents portfolio with on one side Apple, Microsoft teamed together and on other it is Google, Samsung, LG, HTC and patent aggregator RPX opposing them. Bloomberg citing people familiar with the situation is reporting now that Apple and Google teamed up together to offer over $500 million to buy bankrupted Kodak patent.

“Apple and Google learned a lesson from the Nortel’s auction,” said Richard Ehrlickman, former vice president of Intellectual Property at International Business Machines Corp. and president of IP Offerings, a patent brokerage and consulting company in Boca Raton, Florida. “They have decided to come together in this process to reduce the cost of purchasing the Kodak patents, while meeting their business needs.”

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