Apple, Google and Microsoft Adhere to Buy Kodak- Tim Cook Completely Soft
Apple's topmost rivals Google and Microsoft, along with Apple have teamed up for joint proposal on 1,100 patents, which Kodak auctioned.
Steve Jobs once vowed to destroy Android even if it meant bankrupting Apple. However, Tim Cook, CEO of Apple has become soft.
Despite all that, the technology industries seem to move to a mutual mode on patents offered by Kodak. Apple has reportedly teamed up with the Google and Microsoft to offer a bid for Kodak patents worth over $500 million, despite ongoing legal struggles.
Like Us on Facebook
If this plan works out then it would likely mean Apple and Androids OEMs alike would be free from patent violation charges related to these patents.
According to Bloomberg, "Apple and Google learned a lesson from the Nortel's auction," said Richard Ehrlickman, president of IP Offerings.
"They have decided to come together in this process to reduce the cost of purchasing the Kodak patents, while meeting their business needs." He added.
Kodak previous bankruptcy in January resulted in a cash infusion based largely on the value, which came to realization on the auction of its patent portfolio. Kodak has a huge amount of digital imaging patents and estimates the stack's value at over $2bn at current market rates.
At present, Kodak has extracted significant licensing agreements based on some of the key patents included in the auction. Kodak is looking to focus its business on commercial printing, enterprise services, and other specialized printing.
Sources claimed both Apple and Google remained interested in the patent cache right from November.
If companies could cooperate to deal with the IP problem then they could save themselves a lot of money, which otherwise be put into research and development or shareholder's pockets.