Kodak in US$525m patent deal, eyes bankruptcy end

Eastman Kodak agreed to sell its digital imaging patents for about US$525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013.

The deal for the 1,100 patents allows Kodak to fulfil a condition for securing US$830 million in financing.

The patent deal was reached with a consortium led by Intellectual Ventures and RPX, and which includes some of the world’s biggest technology companies, which will license or acquire the patents.

via Business feed http://www.scmp.com/business/companies/article/1108898/kodak-us525m-patent-deal-eyes-bankruptcy-end