Google/Apple teamup succeeds in purchasing Kodak patents for $525M

Google/Apple teamup succeeds in purchasing Kodak patents for $525M
When we first heard about this, we were pretty surprised, but it seemed to go along with Eric Schmidt's claims that Google and Apple do actually have an "adult relationship". The rumor had it that Google and Apple had teamed up to purchase Kodak imaging patents for $500 million, and now word has it that a consortium of 12 companies that includes the two tech giants has succeeded in purchasing the patents for $525M.

The consortium includes 12 intellectual property licensees which have been organized by Intellectual Ventures and RPX Corporation. Apparently, Intellectual Ventures is working on behalf of Apple and RPX Corporation is representing Google in the deal. The ultimate price for the patents will be $525 million, and will go towards Kodak's restructuring as it goes through its bankruptcy proceedings. 


source: Engadget

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27 Comments

1. prakesh

Posts: 92; Member since: Sep 13, 2012

wt*?...

2. lukasound

Posts: 152; Member since: Nov 16, 2011

It's all about the money, it's all about the dum dum duh dee dum dum...

6. Nathan_ingx

Posts: 4769; Member since: Mar 07, 2012

Keep your friends close but your enemies closer. In this case, i don't know which one's the enemy. ;)

3. jroc74

Posts: 6023; Member since: Dec 30, 2010

Nice. Hopefully this means less lawsuits, more working together.

4. wendygarett unregistered

I love to see Google makes friends with so called "devil" hehehe :p

5. wendygarett unregistered

Oh wait, Google's best friend IS Apple... Google also provide YouTube, voice search, and now Google maps, thank you Google for sharing experience to ios :)

11. Peter98

Posts: 119; Member since: Aug 01, 2012

They cooperate and world will be the BEST,

24. htc_prep

Posts: 303; Member since: Oct 09, 2009

Wendy Google provides services which they collect money off of and apple collects money off the hardware and blindfolds they sell so they both win. With all the stories I see you commenting on wouldn't you read the articles? God works with the devil in order to teach humans lessons. Ever hear the story of lot?

7. JGuinan007

Posts: 699; Member since: May 19, 2011

So does this mean all Kodak patents can be used by Apple and Google and they will sue Microsoft or Nokia if they are found using one?

9. MC1123

Posts: 1256; Member since: Nov 12, 2012

oh my gosh... yeah maybe... and maybe they wil go after cannor as well... thats why i think this is a bad idea!

14. MC1123

Posts: 1256; Member since: Nov 12, 2012

*cannon sorry..my auto correct is so agressive!

16. jed27

Posts: 65; Member since: Jun 09, 2012

*canon Your autocorrect is based on your texting history. Don't blame it.

20. OSFantasma

Posts: 119; Member since: Sep 27, 2011

not always..

23. Johnnokia

Posts: 1158; Member since: May 27, 2012

No one could sue Nokia.... it is patents' motherland

8. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Apple want to teach M$ a lesson for daring to refuse the 30% cut on their iOS platform for M$ Office 365 license. Apple; "Its not about the money but the principle that its my god damn rights to make all those money!!"

25. hutty24

Posts: 84; Member since: Oct 18, 2011

Apple makes the hardware for the Xbox

10. MC1123

Posts: 1256; Member since: Nov 12, 2012

really hate why PA just post apple and google only where there's actually RIM and facebook on it! they are 10!! and please name the others!

12. WinC76 unregistered

Here are most of the companies: Adobe Apple Facebook Google Samsung Amazon Huawei RIM Microsoft HTC Shutterfly

15. potatosalad

Posts: 40; Member since: May 07, 2012

pretty interesting no nokia here.

17. MC1123

Posts: 1256; Member since: Nov 12, 2012

yeah... but i think nokia has enough camera patents..but still they need to be there!! what the heck is huawei doing there! and what is shutterfly?

19. WinC76 unregistered

Not only that, since Microsoft is there, they don't really need them camera patents. Huawei's there for the same reason as everyone else. Shutterfly is some online photo service.

13. MIKE SAECHAO

Posts: 12; Member since: Dec 14, 2009

Together we stand divided we fall.

18. MC1123

Posts: 1256; Member since: Nov 12, 2012

together we climb to the top of the world We can be what we what for the world to see We are the children of yesterday's dream... but its not just apple and google... PA just want to make some drama!

22. jroc74

Posts: 6023; Member since: Dec 30, 2010

You have to admit this is good drama tho...lol. Those 2 seen as working together? Thats a good thing to me.

21. pankajgupta

Posts: 59; Member since: Aug 09, 2012

Here is the list of all the companies: Google, Apple RIM Facebook, Amazon.com Microsoft Samsung Electronics, Adobe Systems, Fujifilm Holdings Corp., Huawei Technologies, HTC Corp. and Shutterfly. All major mobile players except Sony and Nokia. Nokia i believe will be saved by its liason with MS.

26. darac

Posts: 2156; Member since: Oct 17, 2011

So, one has ~ 45 billion cash pile while other has 110 billion, and they team up to buy 500 million worth of patents. Makes sense not

27. apexKBC

Posts: 92; Member since: Dec 10, 2012

Canon anytym better dan kodak.....

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