Kodak Patents sold for $527 million

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U.S. Bankruptcy Judge Allan Gropper approved the sale of more than 1,000 Kodak patents to a group of Tech Companies led by Apple and Google for $527 million. Kodak’s patent was originally valued as much $2.6 billion and related to the capture, manipulation and sharing of digital images.

The group who won the Kodak Patents and led by Apple and Google, also includes Microsoft, Amazon.com, Facebook and Research In Motion. Who are Kodak’s potential target to pursue royalty payments for infringing at least one of the more than 1,000 patents. Apple and RIM are already in a two-year legal with Kodak for infringing a patent for previewing digital images on cameras (or smartphones).

Eastman Kodak Co. more than 1,000 digital patents went on sale last year when Kodak filed for bankruptcy in January 2012 and according to court papers the patents’ value was estimate of as much $2.6 billion and the company had about $5.1 billion of assets and $6.75 billion of liabilities at the end of September 2012.

Source: Bloomberg

Last modified: January 12, 2013

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