Bankrupt Eastman Kodak to sell patents for $525 million
US-KODAK-PATENT-SALE:Bankrupt Eastman Kodak to sell patents for $525 million
(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 Corporation.
Kodak said a portion of the payment will come from 12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation.
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 Sruthi Ramakrishnan in Bangalore; Editing by Rodney Joyce)