There’s little left to pick at over at the once Blue Chip Eastman Kodak Company other than its patents. The 132-year-old photography pioneer filed for bankruptcy protection in January and is seeking the sale of at least $500 million worth of its once prized patents to help it exit out on the other side. Many possible acquires of the patents have been mentioned in the press, but perhaps none more interesting than a potential partnership between the Odd Couple of Apple and Google.
What’s interesting about this potential partnership is that the two companies are at competitive odds with each other competing for dominance of the smartphone market.
The Washington Post is reporting that “Unlikely partnerships are typical in patent sales because they allow competitors to neutralize potential infringement litigation. A group including Apple, Microsoft Corp. and Research in Motion Ltd. bought Nortel Networks Corp.’s more than 6,000 patents for $4.5 billion out of bankruptcy last year. Google lost the auction for those patents after making an initial offer of $900 million.”
Kodak is looking to exit bankruptcy in the first half of 2013.