Kodak offloads patents for $525 million, Apple and Google both grab a slice

This isn't a huge surprise, since we already knew that specialist patent buyers were circling Kodak's wares with around half a billion dollars in their baggy pockets. Nevertheless, the deal is now done, with Intellectual Ventures and RPX Corporation working together to snap up the imaging IP for $525 million. The former is an agent for Apple's interests, among others, while RPX represents Google. The good news for Kodak is that this helps it with its bankruptcy restructuring, while simultaneously putting an end to all the Apple-instigated interference that has so far hindered its efforts to stay alive.

[Image credit: Viktor Nagornyy, Flickr]

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