Kodak Completes $525M Patent Sale

Kodak Announces the Sale of Its Digital Imaging Patents for $525 Million: Eastman Kodak has completed a series of agreements that successfully monetizes its digital imaging patents. Kodak’s monetization of intellectual property assets further builds on its momentum toward a successful emergence in the first half of 2013. Under the agreements, Kodak will receive approximately $525 million, a portion of which will be paid by a group of 12 intellectual property licensees organized by Intellectual Ventures and RPX Corp. Each licensee will receive rights with respect to the digital imaging patent portfolio and certain other Kodak patents. Another portion will be paid by Intellectual Ventures, which is acquiring the digital imaging patent portfolio subject to these new licenses, as well as previously existing licenses. According to published reports, Google, Apple and RIM are among the 12 patent licensees.