Kodak sells patents for $525M, Apple one of 12 licensees

Updated

Kodak has announced the sale of its digital imaging patent portfolio for $525 million to a consortium organized by Intellectual Ventures and RPX Corporation, and Apple is one of the 12 licensees involved in the deal. The other licensees are Google, Microsoft, Samsung, HTC, Facebook, RIM, Adobe, Fujifilm, Huawei, Amazon, and Shutterfly. Each licensee will receive rights to the portfolio and to “certain other Kodak patents.” A recent report noted that Apple and Google made a joint $500M bid for the patents. [via The Next Web]

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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.