Kodak sells patent portfolio for $525 million

Kodak, the imaging pioneer currently in bankruptcy, has sold its digital imaging patent portfolio for $525 million, a move that should help it emerge from bankruptcy in the new year.The purchasing company is a consortium of 12 led by patent-holding company Intellectual Ventures and thepatent risk advisory firm RPX Corporation.There are some notable names in the consortium, which are listed below:Apple, Inc.Research In Motion LimitedGoogle Inc.Samsung Electronics Co., Ltd.Adobe Systems IncorporatedHTC CorporationFacebook, Inc.Fujifilm CorporationHuawei Technologies Co., Ltd.Amazon Fulfillment Services, Inc.Shutterfly, Inc.Microsoft CorporationEach of the company's will license the patents equally, which should help avoid patent litigation into the future.Permalink | Comments

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