AfterDawn: News

Kodak sells patent portfolio for $525 million

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.

Written by: Andre Yoskowitz @ 20 Dec 2012 0:41

• Previous article

• Google sells Motorola set-top business for $2.35 billion

• Next article

• The first BlackBerry 10 phone is called the Z10

• 7 comments

• vigeuth

  Wow that seems really really low.

  20.12.2012 00:42 #1

• Justoneguy

  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...
  

  20.12.2012 01:38 #2

• juventini

  Once a great company and now food for the volgers.
  

  Forza Juve!!

  20.12.2012 13:11 #3

• bam431

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

  21.12.2012 08:21 #4

• gbswales

  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.
  

  Newbie with Panasonic NV-BS60B
  "There is a theory which states that if ever anyone discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarrely inexplicable.
  There is anothe

  21.12.2012 11:05 #5

• Mrguss

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

  +5000

  22.12.2012 15:33 #6

• Justoneguy

  Thanks for the clarification MrGuss :)

  23.12.2012 18:34 #7