Bankrupt Eastman Kodak to sell patents for $525 million

Kodak World Headquarters is pictured in Rochester, New York(Reuters) – Bankrupt camera maker Eastman Kodak Co agreed to sell its digital imaging patents for about $ 525 million to a consortium led by Intellectual Ventures and RPX Corp, a key step to ending its bankruptcy. The photography pioneer said a portion of the payment will come from 12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation. A sale of the roughly 1,100 patents, which Kodak has said could be worth as much as $ 2. …

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