Apple And Google Jointly Bidding For Kodak’s Imaging Patents For More Than $500 Million

kodak-logoApple and Google have reportedly joined forces to bid for Kodak’s 1,100 imaging patents. The two have jointly offered more than $500 million for the patents, according to Bloomberg.

From Bloomberg’s report:

The two companies, competing for dominance of the smartphone market, have partnered after leading two separate consortia this summer to buy Kodak’s 1,100 imaging patents, said the people, who asked not to be identified because the process is private.

According to the report, Apple teamed up with Microsoft and Intellectual Ventures, and Google teamed up with other Android manufacturers to make unsuccessful bids for the 1,100 patents in the past. This seems to contradict earlier reports that said Apple, Google, Samsung and other Android manufactures were collectively bidding for Kodak’s patents.

Kodak had filed for bankruptcy protection earlier this year, and hopes to to exit bankruptcy by the first half of 2013, banking on the money it gets from the sales of its assets, including patents.

Google had earlier alleged that Apple and Microsoft were waging a patent war on Android, after the two companies acquired Novell’s patents through a similar joint consortium. This time, however, it seems that the two giants in the mobile industry thought it would be wise to team up, which would not only bring the patent bids down, but also mitigate any infringement lawsuits.

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