Struggling Eastman Kodak has sold its digital imaging patents to a consortium of investors for $525m (£322m).
Intellectual Ventures (IV) will snap up part of the patents while 12 intellectual property licensees led by IV and RPX Corp will pay for another portion.
The photography pioneer is selling patents to pay off creditors after filing for bankruptcy in January.
Kodak has said its 1,100 patents up of sale were worth as much as $2.6bn.
IV and RPX are so-called "patent aggregators" which dedicate themselves to buying and then licensing out patent rights.
The agreements are subject to approval by the US Bankruptcy Court in Manhattan.
"This monetisation of patents is another major milestone toward successful emergence," said Kodak's chairman and chief executive officer Antonio Perez.
"This proposed transaction enables Kodak to repay a substantial amount of our initial DIP loan [loans used to turn around a business], satisfy a key condition for our new financing facility, and position our commercial imaging business for further growth and success."
The patent portfolios on sale include ways to let devices capture, process, edit and transmit images.
Kodak filed for Chapter 11 protection in January. Chapter 11 refers to a section of the US Bankruptcy Code. It protects a company from its creditors, giving it time to reorganise its debts or sell parts of the business.
Kodak filed a motion to sell several of its patents in June after pulling out of the digital camera business to focus on making printing equipment. It plans to exit bankruptcy in the first half of 2013.
Anda sedang membaca artikel tentang
Bankrupt Kodak gets $525m lifeline
Dengan url
http://minumandingines.blogspot.com/2012/12/bankrupt-kodak-gets-525m-lifeline.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Bankrupt Kodak gets $525m lifeline
namun jangan lupa untuk meletakkan link
Bankrupt Kodak gets $525m lifeline
sebagai sumbernya
0 komentar:
Posting Komentar