Kodak Completes $527 Million Transaction Related To Digital Imaging Patents

Posted on Feb 4 2013 - 11:14am by Editorial Staff

With finally Kodak sold out its patents to Intellectual Ventures and RPX Corporation as Apple, Google and others win the bid; the company on Friday confirmed that it has completed the transaction for the sale and licensing of its digital imaging patent for net proceeds of $527 million.

A portion of amount was paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation while the another portion was paid by Intellectual Ventures, which acquired a substantial majority of the digital imaging patent portfolio.

“The licensing and sale of our digital imaging patents is another major milestone toward successful emergence,” Antonio M. Perez, Chairman and Chief Executive Officer, said. “We are on track to emerge as a profitable, sustainable company.”

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