By Cody Lee on Apr 30, 2013
Earlier this year, Kodak completed the sale of more than 1,000 digital imaging patents in an effort to help restructure the company after filing for Chapter 11 bankruptcy. It wanted $2 billion for the portfolio, but only garnered $500 million from a group of companies.
That consortium consisted of several tech giants, including Google and Apple. And according to a new report, their names are starting to turn up on transfer filings with the United States Patent and Trademark Office, meaning Kodak’s patents are changing hands… Read More
By Cody Lee on Feb 2, 2013
By now, you’ve all likely heard about Kodak’s patent sale. The one-time photography giant filed for chapter 11 bankruptcy last year, so it was forced to sell off a large chunk of its intellectual property to a consortium of companies to help pay off its debts.
The sale, which included over 1,100 digital imaging patents, was approved earlier this month by Judge Allan Gropper. And this week, Kodak announced that it had completed the deal, and it plans to exit bankruptcy within the next six months… Read More
By Cody Lee on Jan 11, 2013
Last year, Kodak filed for Chapter 11 bankruptcy and came up with a plan to sell off its collection of imaging patents to pay off its debts. It wanted more than $2 billion for the IP, but ended up settling on a $525 million offer from a consortium of companies led by Apple and Google. And today, Bankruptcy Court Judge Allan Gropper has green-lighted the deal… Read More
By Christian Zibreg on Dec 19, 2012
Wednesday morning, Kodak announced that it has agreed to sell its digital imaging patents to two consortiums, Intellectual Ventures and RPX Corporation, that are backed by Silicon Valley giants Apple, Google, Microsoft and other companies. The transaction is valued at $525 million.
That’s way less than their previously estimated worth of about $2.6 billion. The $525 million will be paid by Intellectual Ventures and the two consortiums twelve licensees, each receiving rights to the digital imaging patent portfolio and certain other Kodak patents. Another portion will be paid by Intellectual Ventures, which is acquiring the digital imaging patent portfolio subject to these new licenses, as well as previously existing licenses… Read More
By Cody Lee on Dec 7, 2012
Back in August, a report popped up claiming that Apple and Google had teamed up to put a bid in for Kodak’s patents. The company, once a staple in the photography industry, declared bankruptcy this year and is selling off its IP to help pay its debts.
Well the story resurfaced tonight, with a follow-up report from Bloomberg confirming that Google and Apple are indeed working together to buy Kodak’s IP. The two are said to be offering more than $500 million to buy 1,100 of Kodak’s imaging patents… Read More
By Cody Lee on Nov 14, 2012
A US Bankruptcy Court in Manhattan approved Kodak’s request today to extend the deadline for its bankruptcy case through February of next year. The one-time imaging giant filed for bankruptcy earlier this year, and it’s hoping to use the extra time to sell off its patent collection to pay off its creditors. And according to the report, Apple and Google are still among the potential buyers… Read More
By Christian Zibreg on Aug 17, 2012
I bet you never though that sworn enemies such as Apple, Samsung and Google would ever go to bed together, especially given an erupting fight between Apple and Google over Kodak’s patents. But anything is possible in this crazy word, chiefly when the benefits of such an unusual partnership include cost savings plus joint, harmless ownership of more than 1,000 Kodak patents related to digital imaging.
The odd bedfellows are joined by a few other firms (LG, HTC and more) and the usual suspects that specialize in IP transactions. The consortium is organized so no company could exclusively own the patents and assert them against other members in litigation… Read More
By Christian Zibreg on Jul 27, 2012
Kodak filed for Chapter 11 bankruptcy protection in January and Apple’s been attempting to transfer its patent dispute with the imaging company out of bankruptcy court ever since, but to no avail. As Kodak now looks to sell off a trove of 1,100 patents related to digital cameras, smartphones and tablets, bidders are lining up, including the usual suspects, technology giants Apple and Google… Read More