Facebook, Google, Apple And Others Join Together, Purchase Kodak Patents For $525 Million


Kodak Patents Being Sold To Facebook and Others

Facebook has teamed up with competitors Apple, Google, Samsung and others to purchase the rights to Kodak’s patent portfolio. All together 12 companies have agreed to purchase the patents for $525 million.

The sale was organized by patent-holding company Intellectual Venturers and was advised by RPX Corporation.

Once approved by the bankruptcy court overseeing the Kodak filing the patents will be handed over to the social network and the following companies:

Apple, Inc.
Research In Motion Limited
Google Inc.
Samsung Electronics Co., Ltd.
Adobe Systems Incorporated
HTC Corporation
Facebook, Inc.
Fujifilm Corporation
Huawei Technologies Co., Ltd.
Amazon Fulfillment Services, Inc.
Shutterfly, Inc.
Microsoft Corporation

It might seem odd that Facebook would jump into the Kodak patent ring, however the company has placed a large emphasis of late on social photo sharing. Facebook first purchased Instagram for $1 billion and then it announced its own set of photo filters and other additions to its photo arsenal.

By purchasing into an extensive Kodak patent portfolio Facebook can stave off future intellectual property rights lawsuits from its competition, mainly Google and Apple.


James Kosur

James Kosur has worked in the new media space for the last 10 years, helping many publications build their audiences to millions of monthly readers. He currently serves as the Director of Business Development at Business2Community.com and the CEO of Aven Enterprises LLC.

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