Apple-Google Team Up For $500 Million-Plus Kodak Patents Bid


Mostly, when Google and Apple are mentioned it’s because they are fighting over something. But who has ever thought, that two of the most competitive companies, who have long fought over the smartphone market, would one day team up? The impossible is always close to reality in the business world especially if one of the parties has sensed the bitter taste of defeat in the Nortel Auction. Yes, after a long history of rivalry, Apple Inc. and Google Inc. teamed up to bid more than $500 million to buy Eastman Kodak Co. patents out of bankruptcy, stated Bloomberg News on Friday, based on people who asked to stay anonymous.

The unnamed source, declared that after making two different teams to purchase some of Kodak patents, the two opposing companies found that teaming up could be the best solution to avoid a loss like the one on Nortel’s auction. The story on the Nortel Auction says that a team including Microsoft Corp., Apple and Research in Motion Ltd. bought Nortel Networks Corp.’s patents for $4.5 billion out of bankruptcy last year. Google didn’t win the auction for those patents after making an initial offer of $900 million.  That last one decided to join Apple in order to avoid any further bidding loss.

Why would those two fighting companies team up? In order to obey bankruptcy terms, Kodak declared that she would be discharging 1,100 patents of digital imaging sort. Both, Apple and Google are interested in those patents since they represent a technology they would both want to top. Now the main question is why joining forces when they can fight over these technologies? Apple and Google knew for sure that those patents will be sold for a very high price that is why they decided to team up to collect a high amount, higher than $500 million dollars, enough to win those patents.

Equally to every underground discussions, private negotiations or secret lineups, the representatives of these three companies refused to give any legitimate declaration or official statement about any of the news posted on Friday. When asked, Kodak’s spokesman didn’t want to reveal any information related to what’s going on behind the scenes and remained silent about all the declarations and leaks that have been broadcasted. The followers and the people interested in technology and business will have to stay focused on the news if they are willing to be the first to know what this teaming and bidding might produce.

This post is written by Mark Jenkins and he works at CouponAudit as a writer, where thousands of valid and working online coupons are available for different stores. For example you can use Toms promo code, QVC coupon codes etc. to get discount on your order while shopping on that store.

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