Kodak has been attempting to sell many of its businesses in hopes of paying creditors back and emerging from bankruptcy. Today, it has entered into agreements to sell one of its businesses, its Document Imaging business, to Brother Industries, one of the leading global manufacturers of fax machines, sewing machines, as well as laser, label, and multi-function printers, for the price of $210 million.
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‘kodak’ Stories
Kodak reaches deal to sell Document Imaging business to Brother Industries
New Kodak branded micro four thirds camera from JK Imaging spied
Earlier this month during CES 2013, word surfaced that a company called JK Imaging had licensed the Kodak name for a line of digital cameras. The company has already plastered that Kodak brand name on its digital photography offerings and has unveiled the first digital camera in its new line of Kodak products reports eprice and Weibo. The camera is called the S1.
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Google, Apple, Microsoft given go ahead to buy up Kodak patents
Back when Kodak announced that it would be filing for bankruptcy and selling off a large number of its patents to help with restructuring efforts, we all knew this sell off would be huge. As it turns out, that feeling was correct, with major players in the tech field like Google, Apple, and Microsoft all vying for a slice of that patent pie. Today a Judge approved the deal for those three tech giants to buy up Kodak's patents, to the tune of $527 million.
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Apple, Google, and RIM involved in Kodak patent buyout
Earlier this morning, it was announced that Kodak sold off all of their digital imaging patents for a total of $525 million in order to help pay off chapter 11 bankruptcy bills. At the time, though, a list of companies who bought these patents off of Kodak wasn't disclosed, but now the list has been released, and it includes a total of 12 companies, including Apple, Google, and Research In Motion.
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Kodak sells imaging patents for $525m plus settles lawsuits
Kodak has sold off its digital imaging patents, making $525m on the deal which will see notorious patent gatherer Intellectual Ventures grab the IP along with licensing agreements with twelve firms. In addition to the new cash - which will help Kodak pay off its Chapter 11 bankruptcy bills - Kodak has also agreed a settlement of current patent-related litigation between itself and the other parties.
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Apple and Google reportedly join forces to buy Kodak patents
Apple and Google have a cordial relationship peppered with bouts of sparring and relentless competing for the world's mobile users. Now the two companies have formed an unlikely - although not surprising - joint effort to acquire Eastman Kodak's 1,100 patents, according to unnamed sources familiar with the issue. The patents will cost upwards of $500 million, with both companies having already tried acquiring them for lesser amounts independently.
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SlashGear Evening Wrap-Up: September 28, 2012
It's Friday once again folks, with most of you already enjoying the weekend. Today, the iPhone 5 launched in 22 additional regions around the world, setting Apple's plan to have it in over 100 countries by the end of the year on track. Apple CEO Tim Cook apologized for the sad state of Apple Maps today (recommending some other Maps apps in the process), and we took a closer look at his words in a new column. Even more surprising is the fact that the iOS App Store now features a download page specifically for other Maps applications.
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Kodak dropping out of inkjet printer business
Kodak has been around for an extremely long time, and they've made quite a name for themselves over the years -- especially during the days when actual film was the norm in cameras. However, ever since the dawn of digital photography, Kodak has disappeared more and more into the abyss. Today, the company has announced that they're stepping out of the inkjet printer business in 2013.
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SlashGear Evening Wrap-Up: August 24, 2012
Friday is here once again folks, and what a Friday it was. What started out as a relatively slow news day became very exciting later on, as the jury deciding the Apple and Samsung case delivered their verdict after only three days of deliberation. The verdict? Let's just say that Apple's lawyers will be having a celebration tonight. Samsung was found guilty of multiple patent infringements, and a lot of that patent infringement was found willful by the jury. To make matters worse for Samsung, the jury found that it wasn't owed any damages by Apple. Needless to say, we think there will be an appeal.
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Kodak keeps patent pimping and plans to sell imaging units
Photography giant Kodak has been conducting bankruptcy proceedings for a while. One cornerstone of emerging from bankruptcy as a viable company for Kodak has been to sell off a couple patent portfolios. So far, the patent auctions haven't gone exactly as Kodak dreamed with lower than hoped for bids. Kodak has announced another tactic to help pay creditors and emerge from bankruptcy.
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Kodak patent auction is off to a slow start
We've been following the saga of Kodak trying to scratch its way back from bankruptcy by selling off patents for a while. Apple objected to the auction of some of the patents in the two portfolios Kodak is trying to sell alleging that it owned 10 of the patents. Apple attempted to have its patent suit moved to another court, but Kodak's bankruptcy judge blocked the attempt.
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Apple request to transfer patent suit involving Kodak denied by court
Kodak was forced to file bankruptcy after it has been unable to compete in the changing photography market. The company's big move to pull itself out of bankruptcy and reorganize into something profitable has been to sell off two large patent portfolios. The problem for Kodak is that one of the patents in the portfolio was recently invalidated in court. Apple is also been seeking to transfer a patent suit between it and Kodak out of bankruptcy court and into a New York District Court.
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