Apple, Google make joint $500M bid for Kodak patents

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Apple, Google make joint $500M bid for Kodak patents

Apple and Google have teamed up to buy Eastman Kodak Co.‘s patents out of bankruptcy, offering more than $500 million in the bid, according to Bloomberg. The companies partnered after separately attempting to buy some of the digital patents this summer, sources said. Both separate offers were for less than $500 million — a consortium had previously offered more than $500 million for Kodak’s digital patents, which relate to the capture, manipulation, and sharing of digital images. Apple, Google, and Kodak have not publicly commented on the patent sale.

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