Dive summary:
- Kodak intellectual property sold for $525 million to two different consortiums.
- Intellectual Ventures, which includes Apple and Microsoft, and RXP, which has Google as a client, bid for the Kodak licenses.
- Other companies involved in the bids were Adobe, Amazon, Facebook, Fujifilm and Samsung.
From the article:
… Wednesday’s announced sale also brings a bit of closure on the legal front: with it, all outstanding patent claims between the 12 licensees and Kodak are settled. That includes Apple’s dispute with Kodak over iPhone and iPad image capture.