News Column

Apple, Google and Microsoft Team up to Buy Kodak Patents

Dec 19, 2012

Apple and Google may be embroiled in a bitter patent dispute, but that hasn't stopped the companies from teaming up to buy a huge portfolio of digital imaging patents from bankrupt Kodak.

The two tech giants joined with Microsoft, Samsung, Facebook, Amazon, Fujifilm, RIM, Huawei and others in the $525-million deal, Kodak said in a statement Wednesday.

The transaction was organized by Intellectual Ventures and also includes an agreement to settle current patent-related litigation between the participants and Kodak. It still needs to be approved by the bankruptcy court.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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