Apple and Google Bid $500 Million On 1,100 Kodak Patents
Apple and Google have jointly bid on 1,100 patents that are being auctioned by Kodak. “Apple and Google learned a lesson from the Nortel’s auction. They have decided to come together in this process to reduce the cost of purchasing the Kodak patents, while meeting their business needs,” stated IP Offerings president Richard Ehrlickman. Apple and Google has faced numerous lawsuits around the iOS and Android operating systems.
Last year Apple and a group of other buyers bought a large number of patents from bankrupt telecommunications company Nortel. That group of companies included Apple, Microsoft, EMC, Sony, and Research In Motion. Since Google and Apple are working together on this consortium, it is likely that the patent lawsuits that the companies have against each other will not include those patents.
Kodak’s patents are mostly around digital imaging patents. Kodak has licensing agreements in place based on the key patents in the auction. The two companies will be bidding over $500 million for the patents. Apple attempted to fight off Kodak’s sale of a few key patents that is based on technology from a joint venture that the two companies had in the 1990s.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry