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Apple, Google among companies that snapped up Kodak patents for $525 million

BGR

Kodak announced on Wednesday it has successfully sold its digital imaging patents to “12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation” for $525 million. As Engadget notes, Intellectual Ventures is working on behalf of Apple (AAPL) and RPX Corporation is representing Google (GOOG). The new deal is “one of Kodak’s key restructuring objectives” that will see it emerge from Chapter 11 bankruptcy and end its battle with Apple over patent disputes. Kodak’s press release follows below.

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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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