Apple and Google said to pursue Kodak's imaging patents
Apple and Google have reportedly joined forces to bid for Kodak's imaging patents, according to Bloomberg
Author: Olivier Laurent
Less than a month after securing a $793m loan, Kodak is now said to be in talks with a consortium that includes Apple and Google to sell off more than 1100 imaging patents.
The consortium is believed to have offered more than $500m for the patents, according to Bloomberg. "The two companies, competing for dominance of the smartphone market, have partnered after leading two separate groups this summer to buy some of Kodak's 1,100 imaging patents," writes the business news service.
Kodak is under the obligation to sell off its patents for "no less than $500m" as part of loan terms set by Centerbridge Partners, LP, GSO Capital Partners LP, UBS and JPMorgan Chase & Co.
In the past, Kodak valued the patents at more than $2bn, but it was forced to review its estimates when the company failed to gather interest from the industry.
For more about Kodak, read BJP's full coverage.
Comments
Nothing to do with Kodakchrome!
The patents that these companies wil be after are the ones regarding digital cameras and possibly technologies like EasyShare.
Not necessarily, because when we all wake up to the facts film will make a comeback.
Hard Drives stop working DVDs fade away. Flash memory is susceptible to magnetism, and digital cameras die after a few years, because they are made with lead-free solder (see NASA "Tin Whiskers, and that arrowed 10 logo on all new Nikon gear.
The problem film has now is cost: it is just too expensive and dependent on being properly archived and cared for, after competent processing.
I magine Google as a supplier of sensors to Kodak?
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