So, it's their 2nd approach. After Google / Apple failing on their own, they seem to be teaming up to meet Kodak financial demand.
"The two companies, competing for dominance of the smartphone market, have partnered after leading two separate consortia this summer to buy Kodak’s 1,100 imaging patents, said the people, who asked not to be identified because the process is private.
Unlikely partnerships are typical in patent sales because they allow competitors to neutralize potential infringement litigation."
(c) Bloomberg
So, medium format Apple camera anyone?
But seriously.. does anyone think Apple could actually come up with a photo camera? I definitely don't see them re-releasing all the film Kodak offered.. What's in it for Google / Apple?