Apple, Google lead consortium to purchase Kodak's patent portfolio

By on August 20, 2012, 8:30 AM

Apple and Google, described by some as bitter rivals in the mobile handset race, have reportedly joined forces in an effort to purchase a patent portfolio being auctioned off by bankrupt Eastman Kodak. Previous reports had pinned Apple and Google working together on a deal but now the Wall Street Journal claims that Samsung and LG are also part of the consortium interested in Kodak’s patent auction.

The duo allegedly planned to offer between $150 million to $250 million for the patents but just last week, Kodak said they were delaying the announcement of who won the auction. The company even told CNET that they might not sell the patents at all. The photography legend had initially hoped to haul in around $2 billion for the digital imaging patent portfolio.

The Journal is now reporting that the consortium is prepared to offer more than $500 million to Kodak for the portfolio. A sale would mean that each company would have joint ownership of the patents and eliminate the threat of lawsuits over their use from other members.

This would be good news for all parties involved as Samsung and Apple have been going head to head in courtrooms across the world for some time now and Google is no stranger to lawsuits against their Android operating system. Even Kodak would be relieved of legal duties seeing as they sued Apple over a patent ownership agreement earlier this year.




User Comments: 5

Got something to say? Post a comment
Camikazi said:

Talk about getting in bed with your enemy, Apple, Samsung and Google?

Guest said:

strangly though getting into bed with your enemies, usually turns out to be the most thrilling bed time fun, than doing it with your allies.

Guest said:

Check your facts - either you have the most direct line to news nobody else has or this is the sloppiest reporting I've seen in a long time. I would find Apple and Google teaming up to buy these patents to be a space-shot.

TJGeezer said:

Sounds like a corporate version of the Creative Commons, except you gotta pay to play, there will be trouble if you use the tech while not in the owners' club, and the original owner doesn't like the terms. Which reminds me of something Jack Handey said - ?To me, boxing is like a ballet, except there's no music, no choreography, and the dancers hit each other.?

Okay, not the Creative Commons. Never mind.

SNGX1275 SNGX1275, TS Forces Special, said:

Check your facts - either you have the most direct line to news nobody else has or this is the sloppiest reporting I've seen in a long time. I would find Apple and Google teaming up to buy these patents to be a space-shot.

Really?.. What about this then: [link]

Load all comments...

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.