Kodak sells patent portfolio for $525 million

Written by Andre Yoskowitz @ 20 Dec 2012 12:41 User comments (7)

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 Limited
Google Inc.
Samsung Electronics Co., Ltd.
Adobe Systems Incorporated
HTC Corporation
Facebook, Inc.
Fujifilm Corporation
Huawei Technologies Co., Ltd.
Amazon Fulfillment Services, Inc.
Shutterfly, Inc.
Microsoft Corporation

Each of the company's will license the patents equally, which should help avoid patent litigation into the future.

Tags: Apple Google Patents Kodak imaging

<Google sells Motorola set-top business for $2.35 billion >The first BlackBerry 10 phone is called the Z10

7 user comments

120.12.2012 00:42

vigeuth

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Wow that seems really really low.

220.12.2012 01:38

Justoneguy

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Is that what they call it now? A "consortium."
Lets see, a group of large corporations colluding to reduce competition and litigation among themselves; sounds like a cartel.
We all know how great cartels are for competition and the consumer...

This message has been edited since its posting. Latest edit was made on 20 Dec 2012 @ 1:39

320.12.2012 13:11

juventini

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Once a great company and now food for the volgers.

421.12.2012 08:21

bam431

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As long as they manage to keep pumping out the Tri-x 400 I'm happy.

521.12.2012 11:05

gbswales

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Junior Member

It is really sad to see this once great company on it's heels and even sadder to see Apple amongst the consortium, or as one person put it already cartel.
Kodak woke up to the digital revolution way too late - of course professionals were saying at the time they would never go digital, words they have eaten now.
I hope that Kodak are able to pull their show around and weather the storm it would be a shame if the brand vanished into tech oblivion.
Will be interesting to see how the patent sharing works Apple have never struck me as a company that like to share their developments.

622.12.2012 15:33

Mrguss

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Governments = Corps. Protectors (Laws)
Countries = Farms
Consortium = Corporation Cartel
Employees = Wage-Slaves (Sheep's)
Customers = Brainwashed

This message has been edited since its posting. Latest edit was made on 22 Dec 2012 @ 3:39

723.12.2012 18:34

Justoneguy

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Thanks for the clarification MrGuss :)

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Kodak sells patent portfolio for $525 million

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