Monday, December 10, 2012

Apple and Google team up to buy Kodak's patents

Apple and Google team up to buy Kodak's patents

While Apple and Google are competitors in terms of smartphone platforms, they aren't exactly suing each other, and interestingly it seems that both companies have even gone as far as teaming up together to buy Kodak's patents for a whopping $500 million. There are other companies reportedly part of this deal, such as Microsoft and Intellectual Ventures, RPX Corp and Asian makers of Google's Android products. This teaming up is due to the asking price of Kodak's patents, $500 million which neither side wanted to fork out all by themselves.

Ubergizmo , Apple and Google team up to buy Kodak's patents, Apple and Google team up to buy Kodak's patents

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