Rochester, N.Y. - Eastman Kodak announced Friday its $527 million sale of digital imaging patents is complete.
The portfolio was sold to two consortiums. The companies getting the licenses are Apple, RIM, Google, Samsung, Adobe, HTC, Fujifilm, Facebook, Huawei, Amazon, and Shutterfly.
The company said the transaction, which achieves one of Kodak’s key restructuring objectives, follows other recent major accomplishments that include final Court approval last week for the company’s interim and exit financing.
Kodak is exiting the consumer film and camera business to focus on its printing technology.
