All the latest UK technology news, reviews and analysis

Kodak accepts $525m patent offer

19 Dec 2012
Kodak Logo

Embattled imaging firm Kodak has agreed to accept a $525m offer from two intellectual property for its imaging patent portfolio.

The company said that it would be accepting the bid submitted by RPX Holdings and Intellectual Ventures, both firms specialise in the purchase and licencing of patent portfolios. Kodak also noted that 12 firms organised by Intellectual Ventures would be purchasing parts of the patent portfolio.

While Kodak did not say who the 12 companies in the group were, Apple may well be among those purchasing patents.

The company has been previously said to be among the companies who had teamed with Intellectual Ventures on a big for the Kodak holdings. Kodak also noted that the deal would settle current litigation, another indication that Apple, which has battled Kodak in court, was involved in the deal.

Previous reports have also linked Google to a possible bid on the patents.

Apple did not respond to a request for comment on the matter.

For Kodak, the deal is the latest step in an ongoing process to re-remerge from bankruptcy proceedings following the fall of its imaging business. The company announced the auction earlier this year as part of an effort to raise funds and climb out from its debts.

Kodak said that it hopes to re-launch its business in the first half of 2013.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Shaun Nichols

Shaun Nichols is the US correspondent for He has been with the company since 2006, originally joining as a news intern at the site's San Francisco offices.

More on Strategy
What do you think?
blog comments powered by Disqus

Microsoft Azure outage

Is cloud computing reliable enough for business yet?

Popular Threads

Powered by Disqus
Motorola Moto G

Moto G hands-on video demo

A £135 Android smartphone that packs a quad-core processor and 720p screen

Updating your subscription status Loading

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button

Getting started with virtualisation

Virtualisation can help you reduce costs, improve application availability, and simplify IT
management. However, getting started can be challenging


Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

C#.Net Developer - C#, ASP.Net, PHP, HTML, JavaScript, CSS

C#.Net Developer - C#, ASP.Net, HTML, JavaScript, CSS...

Data Warehouse & Business Intelligence Co-ordinator

This new opportunity has responsibilities designed to...

Senior Full-Stack Developer

Senior Full stack developer (PHP), London London-based...

C#.NET Developer (C#,.NET, SQL, WCF, TDD, WEB)

C#.NET Developer (C#,.NET, SQL, WCF, TDD, WEB) City...
To send to more than one email address, simply separate each address with a comma.