Reuters: Technology News: Bankrupt Eastman Kodak to sell patents for $525 million

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Bankrupt Eastman Kodak to sell patents for $525 million Dec 19th 2012, 13:53 Tweet Share this Email Print Related News Bankrupt Eastman Kodak to sell patents for $525 mln 8:29am EST Deals of the day -- mergers and acquisitions Thu, Dec 6 2012 Kodak receives $500 million bid for patents: WSJ Thu, Dec 6 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Kodak World Headquarters is pictured in Rochester, New York January 19, 2012. Credit: Reuters/Adam Fenster Wed Dec 19, 2012 8:53am EST (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 $2.6 billion, has been a key element of the Rochester, New York-based company's plans to shift its focus to commercial packaging and printing from photography. The agreements are subject to approval by the U.S. Bankruptcy Court in Manhattan. The Kodak bankruptcy case is in Re: Eastman Kodak Co. et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-10202. (Reporting by Tom Hals in Wilmington, Delaware and Sruthi Ramakrishnan in Bangalore; Editing by Nick Zieminski) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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