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Summary:

Wednesday’s announcement confirms what had been reported last week. The sale price will help Kodak meet its bankruptcy obligations, while 12 companies will receive licenses to Kodak’s image patents. The deal also settles outstanding patent disputes.

Kodak Logo: through the ages

To pay down its bankruptcy costs, Kodak announced Wednesday it has sold off its trove of imaging patents and among the beneficiaries are the biggest names in mobile: Apple and Google. Pooling their resources to offer $525 million, two different consortiums of buyers nabbed licenses to Kodak’s IP. Intellectual Ventures, with whom Apple and Microsoft have teamed up in the past, and the RXP, which counts Google as a client, led the bid. In all, 12 companies will receive licenses.

The other patent licensees in the deal include Samsung, HTC, Faceboook,, Amazon, Fujifilm, RIM, Huawei, Adobe, and Shutterfly.

The news of the sale was first reported by Bloomberg last week, which pegged the offer at “more than $500 million.” Previously, the digital imaging patents had been valued at $2.6 billion.

Wednesday’s announced sale also brings a bit of closure on the legal front: with it, all outstanding patent claims between the 12 licensees and Kodak are settled. That includes Apple’s dispute with Kodak over iPhone and iPad image capture.

Updated at 8:40 a.m. with additional companies named as licensees.

  1. Gregory Jack Beatty Saturday, January 5, 2013

    So what’s left of Kodak? Kodak has had fabulous R&D teams for many decades. Has Kodak replaced Perez yet? I hope that the film division survives, even in it’s present diminished form.
    I have had no sympathy for Kodak shareholders, who are only paying for the stupid decisions
    of Kodak the top managemen they voted in. For example: hiring the head of the the Hewlett Packard printer division as a CEO. His Great Vision for the most successful imaging company of the 20th century: turn it into one more inkjet printer manufacturer.

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