Photography pioneer Eastman Kodak Company has arranged a deal that’ll see a consortium of companies paying around $525 million to buy and license over a thousand of its patents, including its digital imaging patent portfolio.
The consortium, which has been organised by Intellectual Ventures and RPX Corporation, is believed to contain Adobe Systems, Amazon, Apple, Facebook, Fujifilm, Google, HTC, Huawei, Microsoft, Research in Motion, Samsung and Shutterfly.