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Apple and Google teaming up to buy Kodak patents

10 Dec

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Financial news service Bloomberg is reporting Apple and Google are working together to purchase some of Kodak’s imaging patents. The companies are said to be working together – lends more weight to reports in the Wall Street Journal from back in August. The story suggests the two companies, along with the groups of smaller companies with whom they’d been preparing bids, will offer more than $ 500m for the patents. Such a figure would give Kodak access to $ 830m of external funding that is dependent on the value of the patent deal.

 

News: Digital Photography Review (dpreview.com)

 
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