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Kodak sells imaging patents for $525m, coming close to bankruptcy end
As Eastman Kodak Co. is struggling and trying to near to the bankruptcy end, it agreed to get rid of its digital imaging patents for approximately $525 million. A group, which is to acquire Kodak’s patents, includes Apple Inc., Google Inc., HTC Corp. and others. Eastman Kodak Co. and analysts are convinced that the sale of over 1,100 digital imaging patents is a step in the right direction and the transaction probably might even save the company which once was a crucial player in the market.
