Wednesday morning, Kodak announced that it has agreed to sell its digital imaging patents to two consortiums, Intellectual Ventures and RPX Corporation, that are backed by Silicon Valley giants Apple, Google, Microsoft and other companies. The transaction is valued at $525 million.
That's way less than their previously estimated worth of about $2.6 billion. The $525 million will be paid by Intellectual Ventures and the two consortiums twelve licensees, each receiving rights to the digital imaging patent portfolio and certain other Kodak patents. Another portion will be paid by Intellectual Ventures, which is acquiring the digital imaging patent portfolio subject to these new licenses, as well as previously existing licenses...