Kodak Sells $525 Million Worth Of Patents To Consortium Of Companies Including Apple and Google
Kodak has sold around $525 million worth of patents to a consortium of companies known as Intellectual Ventures and RPX Corporation. Intellectual Ventures represents a portfolio of patents used by Apple and RPX represents a portfolio of patents for Google. The sale of the patents will help Kodak with the bankruptcy restructuring process. Kodak has been trying to sell the patents for a while and at one point they claimed Apple was intervening with the process.
Kodak has sold around $525 million worth of patents to a consortium of companies known as Intellectual Ventures and RPX Corporation. Intellectual Ventures represents a portfolio of patents used by Apple and RPX represents a portfolio of patents for Google. The sale of the patents will help Kodak with the bankruptcy restructuring process. Kodak has been trying to sell the patents for a while and at one point they claimed Apple was intervening with the process.
Below are some articles we wrote in the past that are related to this case:
- Apple and Google Bid $500 Million On 1,100 Kodak Patents
- Kodak Laying Off 1,000 As Part Of Restructuring
- Kodak Selling Off Film Business
- Apple and Google In A Bidding War Over Kodak’s Patents
- Kodak’s Auction For 1,100 Patents Gets Approved
- Kodak Sues Apple Over Interference In Patent Sales