Apple, Google in Group Buying Kodak Patents for $525 Million

Apple, Google in Group Buying Kodak Patents for $525 Million

Daniel Acker/Bloomberg

The Eastman Kodak Co. Kodak Hero 3.1 all-in-one printer at the 2012 International Consumer Electronics Show in Las Vegas. Kodak needed to sell the patents for at least $500 million under a November agreement to obtain $830 million in financing to exit bankruptcy in the first half of 2013.