November 16, 2024
Rival Consortiums Join Forces to Bid on Kodak Patents

Rival Consortiums Join Forces to Bid on Kodak Patents

Posted August 17, 2012 at 4:53pm by iClarified
Rival consortiums that included Apple and Google have reportedly joined forces to acquire Kodak's patent portfolio, reports the WSJ.

In recent days, the rival technology giants and patent-hoarding firms that had mounted competing bids for the portfolio have joined forces, people with knowledge of the negotiations said -- a move that could take the patents off the market at a price below what Eastman Kodak Co. had hoped to raise in a competitive auction.

The bidding group brings together a raft of strange bedfellows. It includes Apple Inc. and Google Inc., fierce competitors in the global smartphone market. It also includes Intellectual Ventures Management LLC, which buys up patents to seek licensing revenue and increasingly sue other companies for infringement, and RPX Corp., which buys patents to keep them from being used against its members in suits.



Kodak was hoping to get $2.2 to $2.6 billion for its patents; however, the sale isn't going as well as expected. Recent negotiations are around $500 million.

Yesterday, Kodak said it is actively discussion the sale with buyers and is not ready to announce a result. It also said it might decline to sell some or all of its patents, depending on how the auction progressed.

Read More


Rival Consortiums Join Forces to Bid on Kodak Patents


Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
iClarified Icon
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
Comments (1)
You must login or register to add a comment...
tdtran1025
tdtran1025 - August 17, 2012 at 7:14pm
I see MS going to bed with Apple to secure all digital image technology in order to cripple Google search, in light of their recent legal trouble with eBook copyrights. If this is the turn of the tide, Bing may come out on top. Google then will be in the dog house.
Recent. Read the latest Apple News.
RECENT
Tutorials. Help is here.
TUTORIALS
Where to Download macOS Sonoma
Where to Download macOS Ventura
AppleTV Firmware Download Locations
Where To Download iPad Firmware Files From
Where To Download iPhone Firmware Files From
Deals. Save on Apple devices and accessories.
DEALS