Struggling imaging company Kodak announced today that it sold its digital imaging patents to pay off its debts as it moves through bankruptcy. The US$525 million portfolio was purchased by patent licensing companies Intellectual Ventures and RPX Corporation. Intellectual Ventures will pay a portion of this $525 M figure, while the rest will come from 12 licensees including Apple, Google and RIM.
As part of this transaction, Kodak agrees to settle current patent-related litigation involving the participants, including Apple. Apple and Kodak have battled in court over imaging patents, some of which were developed during the time Kodak wor
