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Apple, Google, and Samsung may purchase Kodak patents as a group

Rumors by Andrew Kameka on Friday August 17, 2012.

rumors · industry news · andrew kameka

Please note that this story is based upon rumor and/or speculation.
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The patent wars have become time-consuming and expensive for several companies, but the sale of Kodak's patent library may not be as big a resource drain as expected. Kodak once estimated that its intellectual property could sell for $2.2 billion to $2.6 billion dollars at auction; however, the companies most likely to raise the sale price with competing bids may join together to buy the patents.

The Wall Street Journal reports that Apple, Google, HTC, LG, and Samsung will form a consortium to purchase Kodak's intellectual property. The companies electing to buy the patents as a group would keep the price low and lessen the likelihood of Kodak's patents being used for litigation. Intellectual Ventures, a company that specializes in buying patents to license or sue companies for infringement, is also a group member.

Sources for the Wall Street Journal say the consortium is prepared to bid $500 million for the patents, which is well short of Kodak's original estimates. That might discourage Kodak from selling now, despite the company filing for Chapter 11 bankruptcy in January.

source: Wall Street Journal

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