The consortium includes 12 Intellectual Property licensees-which have been organized by Intellectual Ventures and RPX Corporation. Apparently, Intellectual Ventures is working on behalf of Apple and RPX Corporation is representing Google in the deal. The ultimate price for the patents will be $ 525 million, and will go Towards Kodak's restructuring as it goes through its Bankruptcy Proceedings.
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Wednesday, 19 December 2012
Google, Apple team up succeeds in purchasing Kodak patents for $ 525M
The consortium includes 12 Intellectual Property licensees-which have been organized by Intellectual Ventures and RPX Corporation. Apparently, Intellectual Ventures is working on behalf of Apple and RPX Corporation is representing Google in the deal. The ultimate price for the patents will be $ 525 million, and will go Towards Kodak's restructuring as it goes through its Bankruptcy Proceedings.