Kodak Announces Sale of Patents to Apple, Google and more

flickr.com | by DragonFlyEye  | 

Apple, Google and other companies are offering Eastman Kodak about $525 million for its imaging patents, Kodak announced.  Under the agreements, Kodak receives $525 million, and it will be paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation.

This group including 12 companies ( Facebook Inc. (FB), Amazon.com Inc. (AMZN) and Microsoft Corp. (MSFT), Samsung Electronics Co., Adobe Systems Inc. (ADBE), Fujifilm Holdings Corp. (4901), Huawei Technologies Co., HTC Corp. (2498) and Shutterfly Inc. (SFLY)) will license the patents in the deal, according to the court filing, Bloomberg reported.

Eastman Kodak, the 131-year-old film company, founded in 1880 by George Eastman and filed for bankruptcy protection last January, nytimes.com wrote. It became one of remarkable companies in US, helping establish the camera film market and dominating the field. 

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