Kodak in $525 million patent deal, eyes bankruptcy end

Home Forums Kodak in $525 million patent deal, eyes bankruptcy end

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    Anonymous

    Technology News

    Kodak World Headquarters is pictured in Rochester, New York(Reuters) – Eastman Kodak Co agreed to sell its digital imaging patents for about $525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013. The deal for the 1,100 patents allows Kodak to fulfill a condition for securing $830 million in financing. The patent deal was reached with a consortium led by Intellectual Ventures and RPX Corp, and which includes some of the world's biggest technology companies, which will license or acquire the patents. Those companies are Adobe Systems Inc, Amazon. …


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