Reuters: Technology News: Apple, Google bid on Kodak patents: report

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Apple, Google bid on Kodak patents: report Aug 7th 2012, 01:19 Tweet Share this Email Print Related News Apple won't include YouTube app in new mobile software 6:15pm EDT Bankruptcy judge lets Kodak sell key patent Wed, Aug 1 2012 Apple, Samsung launch salvos as smartphone trial heats up Tue, Jul 31 2012 Apple, Samsung patent trial starts with jury selection Mon, Jul 30 2012 Apple, Samsung take patent fight to crucial California trial Fri, Jul 27 2012 Analysis & Opinion On Instagram 3rd Circuit shocker: Pay-for-delay drug settlements are illegal Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Kodak World Headquarters is pictured in Rochester, New York January 19, 2012. Credit: Reuters/Adam Fenster Mon Aug 6, 2012 9:19pm EDT (Reuters) - Eastman Kodak, which is planning to auction 1,100 digital patents, received two bids from investor groups including Apple Inc and Google Inc of between $150 million and $250 million, the Wall Street Journal reported on Monday. Bankrupt Kodak is selling the patents, which it believes could be worth $2.6 billion, in order to repay creditors. The company filed for Chapter 11 protection in January after failing to keep up as consumers and rivals shifted to digital photography from film photography. A spokeswoman for the company declined to discuss the report in detail, citing court-ordered confidentiality surrounding the auction process. "Kodak believes that speculation about the details and potential outcome of the auction is inappropriate," spokeswoman Stefanie Goodsell said on Monday. Bids can rise quickly in bankruptcy auctions. Nortel Networks Inc in 2011 sold its patent portfolio for $4.5 billion after initial bids came in at just $900 million. Kodak's auction is slated to begin on Wednesday morning. (Reporting By Nick Brown; Editing by Jacqueline Wong) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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