Yesterday we shared some news courtesy of the Wall Street Journal that Kodak had received a generous bid for its patent patent portfolio of over $500M. This was good news for Kodak, seeing as $500M was the mark the company had to hit in order to receive $830M in exit financing that would play a crucial role in helping Kodak dig its way out of bankruptcy.

However, all we knew at the time was that the bid was being put forth by a “consortium of bidders” out of Silicon Valley. Well, as it turns out, that consortium is being led by none other than the unlikely team of Apple and Google.
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Early last month we reported that Shutterfly had agreed to buy Kodak Gallery for a meager $23.8 million. The process, done by way of a “stalking horse bid,” meant that another company was allowed to make a competing bid for the gallery by April 20th.
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