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Google and Apple team up on bid for Kodak Patents
“They have decided to come together in this process to reduce the cost of purchasing the Kodak patents, while meeting their business needs.” Said Richard Ehrlickman
Of course spoke people for both sides won’t offer up a comment about the supposed amount, rumor of purchase or speculation about an offer. Sources for Bloomberg have confirmed that mentioned price tag though.
This bid would allow the two to have possession of 1,100 imaging patents that Kodak currently holds. It is interesting to note that the sale of the patents would help fund a turn around after Kodak filed Chapter 11 Bankruptcy. They obtained commitment for $830 million exit financing last month all contingent on the sale of the patents for a minimum of $500 Million. Looks like that minimum bid is now in place and could help save Kodak.
Kodak is obviously known for photography and imaging. The patents are all related to the capture, manipulation and sharing of digital images. We all know how much Android and Apple use cameras, camera apps, software, sharing features and various other things for us. The purchase could bring some new abilities to all of our devices that we are sure to appreciate. All without the fear of a looming infringement case brought on for its use.
Source: Bloomberg
2012-12-10 18:05:54
Source: http://androidspin.com/2012/12/10/google-and-apple-team-up-on-bid-for-kodak-patents/
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