Kodak Patent Bids Start Low

Apple and Google are bidding against each other for Kodak's patent portfolio.

WEBINAR: Available On-Demand

Innovate and Thrive: How to Compete in the API Economy REGISTER >

The Wall Street Journal: Kodak was hoping to get $2.6 billion for its portfolio of technology patents, but opening bids came in far below that amount. Unnamed sources who are "familiar with the process" told The Wall Street Journal that Google and Apple submitted bids in the $150 million to $250 million range.

Kodak is auctioning off 1100 patents as part of its bankruptcy proceedings.




Tags: Google, Apple, patent, auction, Kodak


0 Comments (click to add your comment)
Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

IT Management Daily
Don't miss an article. Subscribe to our newsletter below.