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

BYOD vs CYOD vs BYOC poll

Which approach is your firm taking to managing employees' mobile devices?
22%
15%
5%
19%
27%
12%

Popular Threads

Powered by Disqus
samsung-galaxy-s5-smartphone

Samsung Galaxy S5 video review

We break down the key strengths and weaknesses of Samsung's latest Android flagship

Updating your subscription status Loading
Newsletters

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

newsletter sign-up button
hpv33

Data protection: the key challenges

Deduplication is a foundational technology for efficient backup and recovery

rdc2

iPad makes its mark in the enterprise

The iPad can become a supercharged unified communications endpoint, allowing users to enhance their productivity

Hybrid PMO/Project Manager

My client is currently recruiting for an exciting contract...

Web Developer – HTML5, CSS3, Object Orientated PHP (5),

Web Developer – HTML5, CSS3, Object Orientated PHP (5...

Javascript Developer – Node, Bootstrap, Backbone, Angular

Javascript Developer – Node, Bootstrap, Backbone, Angular...

Java Software Engineer – JDBC, Spring, SQL Query Design

Java Software Engineer – JDBC, Spring, SQL, AWS 3 MONTH...
To send to more than one email address, simply separate each address with a comma.