News Brief 12/19/2012, Tevet 6, 5773
Amid Bankruptcy, Kodak Sells off Half a Billion in Patents
US photography giant Eastman Kodak said Wednesday it had agreed sell its digital imaging patents for $525 million to help it emerge from bankruptcy protection.
Kodak said 12 intellectual property licensees, led by Intellectual Ventures and RPX Corporation, will buy the patents, as reported by AFP.
Companies participating in the consortium buying the patents include Apple, Microsoft, Google, Samsung, Adobe, Facebook, Amazon, Shutterfly, Research In Motion, Fujifilm, and Huawei Technologies, according to court documents.