Apple-Google Team Up For $500 Million-Plus Kodak Patents Bid

How likely is it for two business enemies to team up after a long history of rivalry? This is the question dominating the world of business these days. Well, everything is possible especially when interests meet as they did with those two companies who have long fought over the smartphone market. In fact, after a long rivalry story, Apple Inc. and Google Inc. teamed up to bid more than $500 million to buy Eastman Kodak Co. patents out of bankruptcy, stated Bloomberg News on Friday, based on people who asked to stay anonymous.

The anonymous source stated that after creating two separate teams to try to buy some of Kodak patents, Apple and Google, the two opposing companies decided to team up to avoid a loss similar to Nortel’s. The story on the Nortel Auction says that a team including Microsoft Corp., Apple and Research in Motion Ltd. bought Nortel Networks Corp.’s patents for $4.5 billion out of bankruptcy last year. Google didn’t win the auction for those patents after making an initial offer of $900 million.  That last one decided to join Apple in order to avoid any further bidding loss.

The main question remains the king of the news. Why would Apple and Google team up when they could have wrestled to get those patents? If Google has lost a battle last year what brings Apple to lineup against one of her top enemies? In order to obey bankruptcy terms, Kodak declared that she would be discharging 1,100 patents of digital imaging sort. Both, Apple and Google were interested in those patents since they represent a technology where they would both want to be successful. Apple and Google knew for sure that those patents will be sold for a very high price that is why they decided to team up to collect a high amount, higher than $500 million dollars, enough to win those patents.

However, spokesmen of all mentioned companies refused to make any official statement. As it happens during secret negotiations or secret lineups, the representatives of these three companies refused to give any legitimate declaration about any of the news posted on Friday. When questioned, the spokesman of Kodak didn’t want to declare he has any knowledge of what’s going on behind the scenes.
The followers and the people interested in technology will have to stay focused on the news if they are willing to be the first to know what this teaming and bidding will produce.

This post is written by Mark Jenkins and he works at CouponAudit as a writer, where thousands of valid and working online coupons are available for different stores. For example you can use Nasm couponTennis Expres coupon etc. to get discount on your order while shopping on that store.