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Google, Apple, Facebook Team Up on Kodak Patents

12-company group buys digital photography patents for $525M

By John Johnson,  Newser Staff

Posted Dec 19, 2012 1:34 PM CST

(Newser) – Add "patent fire sales" to the list of things that breed strange bedfellows. A 12-company consortium that includes Apple, Google, Facebook, and Amazon has snapped up $525 million worth of patents on digital photography from bankrupt Eastman Kodak, reports Bloomberg. Longtime Kodak rival Fujifilm and Blackberry maker RIM also were in the group. Kodak needs the cash to emerge from bankruptcy restructuring in 2013, when its leaner new version plans to focus mostly on commercial printing and packaging, notes the LA Times.

Kodak headquarters in Rochester, N.Y.
Kodak headquarters in Rochester, N.Y.   (AP Photo/David Duprey)
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COMMENTS
Showing 3 of 3 comments
RaymeeDotCom
Dec 27, 2012 1:08 PM CST
Goopplebookzon? The new football stadium in Denver.
MDD
Dec 20, 2012 2:59 AM CST
Just let Kodak Die. 
___
Dec 19, 2012 1:41 PM CST
Kodak? Who cares.. Modernized polaroid cameras please! ninja edit: http://www.techradar.com/news/photography-video-capture/cameras/polaroid-introduces-instant-print-compact-camera-1087136 But the prints are pretty tiny and look like regular photo paper...
 

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