Eastman Kodak has finally found a buyer for its digital imaging patent portfolio for about $525 million today, as the 132-year-old company struggles to become solvent again after filing for bankruptcy protection in January. A consortium of 12 companies, including Intellectual Ventures, Apple, Google, Microsoft, and Facebook, agreed to the sale.
The company that was synonymous with film and cameras, and even inspired a Paul Simon song, has already been planning to sell or end many of its consumer businesses, including in film, photo kiosks, online photo sharing, and inkjet printers.
To read the full, original article click on this link: What’s Left for Kodak After Its $525 Million Patent Sale? | MIT Technology Review
