Apple and Google Jointly Bid on Kodak’s Massive Patent Library?

According to Bloomberg, famous tech rivals Apple and Google have teamed up to offer $500 million for Kodak’s roughly 1,100 photo-related patents. While the partnership may seem odd, given infamous battles between Apple and some companies with close relationships with Google (most notably, Samsung), the partnership enables both companies to expand into new and different areas of photographic technology at a relatively low cost…

In the past, Kodak has said that its patent portfolio could be worth over $2.5 billion, but the fact that many of these patents have already been licensed helps support arguments against that figure. While no party has officially commented on the offer, it’s still very likely that Kodak might be able to sell off its patents sooner rather than later to help fill in its $6.75 billion in debt.