All the latest UK technology news, reviews and analysis


Apple and Google named in $500m joint Kodak patent bid

10 Dec 2012
Apple logo

Apple and Google have been named as potential joint buyers for patents being auctioned by Kodak.

A report from Bloomberg cited unnamed sources in reporting that the two firms have joined forces to make a joint bid of $500m to acquire the company's patents. Kodak is currently in the midst of the confidential auction as part of its bankruptcy proceedings.

Kodak has long been seeking to auction off its intellectual property holdings. The one-time photography giant announced earlier this year that it would be selling off its patent holdings in an effort to pay off outstanding debts.

Apple and Google have long been thought to be interested in the auction for Kodak patents. The two were named as potential buyers earlier this year during the initial auction phase. Kodak has since extended the deadline after initial bids fell short of expectations.

Kodak and Apple have butted heads at times over the course of the auction. Kodak accused Apple of using lawsuits to drive down the value of its patents and gain an advantage in the auction process.

A joint deal would also represent a possible thaw in the relationship between Apple and Google. The two firms were believed to have been at odds over competition and allegations of patent infringement in the iOS and Android platforms.

Earlier this year Apple was listed among the group of firms who acquired $4.5bn worth of patents from Nortel, thwarting Google's attempts to acquire the trove.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Shaun Nichols
About

Shaun Nichols is the US correspondent for V3.co.uk. He has been with the company since 2006, originally joining as a news intern at the site's San Francisco offices.

More on Strategy
What do you think?
blog comments powered by Disqus
Poll

Windows 10 poll

What are your first impressions of Windows 10?
13%
4%
10%
4%
21%
4%
44%

Popular Threads

Powered by Disqus
V3 Sungard roundtable event - Cloud computing security reliability and scalability discussion

CIOs debate how to overhaul businesses for the digital era

V3 hosts roundtable with Sungard Availability Services

Updating your subscription status Loading
Newsletters

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button
hpv3may

Getting started with virtualisation

Virtualisation can help you reduce costs, improve application availability, and simplify IT
management. However, getting started can be challenging

ibmv3may

Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

Technology Product Manager

A Technology Product Manager is required to join a Global...

IT Infrastructure Manager

Closing Date: 13/10/2014 Working within a diverse and...

IT Development Manager

This is a unique and senior opportunity to establish...

Java Developer Chance to Learn (Scala + Hadoop)

Java Developer Chance to Learn (Scala + Hadoop) Join...
To send to more than one email address, simply separate each address with a comma.