Kodak joint patent bid from Apple, Google

2012-12-10 19:36
A file picture shows empty film rolls before recycling at a kodak laboratory in Vitrolles, France. (Gerad Julien, AFP)

A file picture shows empty film rolls before recycling at a kodak laboratory in Vitrolles, France. (Gerad Julien, AFP)

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New York - Apple and Google, bitter rivals in smartphone technology, have joined up to make a combined bid for a bundle of patents offered by photography pioneer Kodak, according to a published report.

Bloomberg News reported on Saturday that Apple and Google have abandoned competing bids for the portfolio to offer a combined $500m. The sum is the minimum Kodak can sell the patents for and still get an $830m loan that's crucial to getting the company out of bankruptcy.

Apple and Google declined to comment on the report. A Kodak representative did not immediately respond to a request for comment.

Kodak filed for bankruptcy protection in January after struggling to adapt to the world of digital photography.

- AP
Read more on:    kodak  |  us  |  technology
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