Apple-Google Team Up for $500-Million-Plus Bid for Kodak Patents

Apple Inc. and Google Inc. have joined forces to offer more than $500 million to buy Eastman Kodak’s patents out of bankruptcy, said people familiar with the situation. The two companies…have partnered after leading two separate groups this summer to buy some of Kodak’s 1,100 imaging patents, said the people, who asked not to be identified.

“Apple and Google learned a lesson from the Nortel’s auction,” said Richard Ehrlickman, president of IP Offerings, a patent brokerage and consulting company in Boca Raton, Florida. “They have decided to come together in this process to reduce the cost of purchasing the Kodak patents