Rochester, N.Y. - A U.S. Bankruptcy court judge approved the sale of Kodak’s portfolio of digital imaging patents for $525 million.
Two consortiums purchased the portfolio. Court papers indicate the companies getting the licenses are Apple, RIM, Google, Samsung, Adobe, HTC, Fujifilm, Facebook, Huawei, Amazon, and Shutterfly.
Kodak is exiting the consumer film and camera business to focus on printing.
In a statement Friday, Kodak said, “With the Court’s approval of the sale of our digital imaging patent portfolio, we have achieved one of Kodak’s key restructuring objectives, while positioning our Commercial Imaging business for further growth and success, and enabling Kodak to repay a substantial amount of its initial lending.”