NEW YORK - NOVEMBER 30: A general view of atmosphere as The New York Philharmonic Principal Brass Quintet performs at the Apple Store - Upper West Side on November 30, 2009 in New York City. (Photo by Stephen Lovekin/Getty Images)
Apple and Google are pooling more than $500 million to buy Eastman Kodak's patents, according to reports.
By the two companies pooling their resources together it cuts costs and make sure both companies have access to Kodak's 1,100 patents according to and unnamed source, Bloomberg News reported. Other partnerships, such as the recent one between Apple, Microsoft and Research in Motion, bought Nortel Networks Corp.'s 6,000 patents for $4.5 billion. Google's $900 million was outbid.