Eastman Kodak (EKDKQ.PK) is selling its imaging patent portfolio for $525M to a consortium led...

|About: Eastman Kodak Co. (KODK)|By:, SA News Editor

Eastman Kodak (EKDKQ.PK) is selling its imaging patent portfolio for $525M to a consortium led by RPX (RPXC) and patent troll Intellectual Ventures. Kodak adds the deal settles existing IP litigation between the parties. The sale figure exceeds the $500M threshold needed for a $793M financing deal to clear. Apple (AAPL) and Google (GOOG) were previously reported to have teamed up for a bid. (PR)