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A Kodak Moment: Patents To Sell for $525 Million

Picture this…

It seems that film isn’t the only thing Kodak has been developing recently.  The famous digital imaging and photography company agreed to sell their patent portfolio to a large group of companies including Google, Apple, and Facebook.  Eastman Kodak, based in Rochester NY, is monetizing their patents to help recover from a recent bankruptcy.  Economists are predicting that the $525 million agreement will help Kodak re-emerge from Chapter 11 in the first half of 2013.  Amazon, Samsung, and Microsoft are also members of the 12-company group of licensees. Read more