Groups backed by Apple, Google win Kodak patents with $525M bid

Gigaom

To pay down its bankruptcy costs, Kodak announced Wednesday it has sold off its trove of imaging patents and among the beneficiaries are the biggest names in mobile: Apple(s AAPL) and Google(s GOOG). Pooling their resources to offer $525 million, two different consortiums of buyers nabbed licenses to Kodak’s IP. Intellectual Ventures, with whom Apple and Microsoft(s MSFT) have teamed up in the past, and the RXP, which counts Google as a client, led the bid. In all, 12 companies will receive licenses.

The other patent licensees in the deal include Samsung, HTC, Faceboook,(s FB), Amazon(s AMZN), Fujifilm, RIM,(s RIMM) Huawei, Adobe,(s ADBE) and Shutterfly.

The news of the sale was first reported by Bloomberg last week, which pegged the offer at “more than $500 million.” Previously, the digital imaging patents had been valued at $2.6 billion.

Wednesday’s announced sale also brings a bit of closure on the legal front:…

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By Nicholas Maithya Posted in Reviews

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