Apple and Google making joint bid for Kodak patents, report says

Apple and Google might be opponents competing for smartphone and tablet customers, but according to a Bloomberg report they have joined forces to acquire Eastman Kodak’s 1,000 imaging patents for more than $500 million. The Wall Street Journal first reported on the possible alliance in August. Previously, the Journal reported that Apple and Google were each leading separate consortiums to purchase the patents in the range of $150 million to $250 million.
Eastman Kodak, which filed for Chapter 11 bankruptcy protection in January, needs to sell the patents to help pay down a $950 million…

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