From the Forums...

Research In Motion vs. BlackBerry - Which name is better?

Devices

BlackBerry patents capacitive touch keyboard

Editorial

What is BlackBerry's patent portfolio worth?

News & Rumors

Goodbye RIMM, Hello BBRY! - Research In Motion ticker change happens Monday, February 4th

News & Rumors

Research In Motion rebranded to BlackBerry

News & Rumors

Highlights from the opening of RIM's Tech Centers in Brazil

News & Rumors

The Mobile Shop joins the growing list of Canadian retailers offering BlackBerry 10 preorders

News & Rumors

UK fans go hands on with BlackBerry 10 - The BlackBerry Elite Program gets an explosive start

News & Rumors

RIM still pushing BlackBerry 7 as two new promo videos hit the web

News & Rumors

RIM takes BlackBerry 10 development to new heights - quite literally

News & Rumors

Canada's first NFC print ad appears in Connected magazine

News & Rumors

RIM adds 4G patents to InterDigital agreement

News & Rumors

RIM looks to prevent sneaky camera shots with new patent

News & Rumors

RIM pays initial sum of $65 million to Nokia in patent settlement

News & Rumors

Addressing CrackBerry Nation comments and questions about Research In Motion's BlackBerry service revenue

News & Rumors

RIM CEO: 'We are very very confident in BlackBerry 10'

News & Rumors

RIM teams up with Esquire Magazine in the Philippines

News & Rumors

Nokia and RIM settle differences, enter into new patent license agreement

News & Rumors

New York Times DealBook conference attendees get the full hands on experience with BlackBerry 10

News & Rumors

RIM to hold another 36 hour virtual 'Got Game Port-A-Thon' this weekend - Devs, get your coffee and Red Bull ready!

< >

RIM and others buy up patents from failing Kodak

Kodak
By Adam Zeis on 19 Dec 2012 03:05 pm EST
3
loading...
0
loading...
85
loading...

RIM and Kodak have had some issues over patents in the last few years, but today it looks like things may be copasetic as Kodak has sold off all of it's imaging patents. The patents have been transfered to Intellectual Ventures and RPX Corporation for the sum of $525 million, which Kodak hopes will pay off a chunk of their bankruptcy loan. If the deal goes through, companies including RIM, Google, Apple and Facebook will pay up for the rights to all of the patents. Hopefully this will kill off the disputes between RIM and Kodak once and for all. Keep reading for full details.

Consortium organized by Intellectual Ventures and RPX Corporation to pay approximately $525 million for purchase and licenses of patents

Builds on Kodak's momentum toward a successful emergence in the first half of 2013


Company Website: http://www.kodak.com
ROCHESTER, N.Y. -- (Business Wire)

Eastman Kodak Company has completed a series of agreements that successfully monetizes its digital imaging patents.

The proposed transaction, which achieves one of Kodak's key restructuring objectives, follows other recent major accomplishments that include an agreement for interim and exit financing for the company's emergence from its Chapter 11 restructuring, and resolution of U.S. retiree non-pension benefits liabilities. Kodak's monetization of IP assets further builds on its momentum toward a successful emergence in the first half of 2013.

Under the agreements, Kodak will receive approximately $525 million, a portion of which will be paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation, with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents. Another portion will be paid by Intellectual Ventures, which is acquiring the digital imaging patent portfolio subject to these new licenses, as well as previously existing licenses.

"This monetization of patents is another major milestone toward successful emergence," Antonio M. Perez, Chairman and Chief Executive Officer, said. "Our progress has accelerated over the past several weeks as we prepare to emerge as a strong, sustainable company. This proposed transaction enables Kodak to repay a substantial amount of our initial DIP loan, satisfy a key condition for our new financing facility, and position our Commercial Imaging business for further growth and success."

The transaction enables the company to continue innovating in its core Commercial Imaging technologies that are fundamental to its future. Commercial Imaging is a business in which Kodak has significant competitive advantages and strong growth prospects.

"Kodak remains a major center of invention and innovation," Perez said.

The transaction also includes an agreement to settle current patent-related litigation between the participants and Kodak, which avoids additional litigation costs and helps to ensure that management and the company's resources focus on enhancing the operations of its core future businesses.

The proposed transaction is subject to the approval of the Bankruptcy Court and the satisfaction of certain customary conditions.

Reader comments

RIM and others buy up patents from failing Kodak

12 Comments

The basis of the alleged infringement doesn't change regardless who holds the patent (unless you bought it). I can see Apple doing just that.

I predict that Apple lawsuits will increase this year and next. They have shown an inability to innovate without Jobs. As the stock keeps falling, investors will demand bigger returns, the pressure to sue will only increase.

Apple is the old RIM.

RIM is now the one poised to revolutionize how we use our phones and what we should expect our phones to do.

Apple must continue to innovate. They need to find their mojo again, but it will be hard without Jobs.

What real chance does RIM have to buy any of those patents if Google or Apple want them too? In my opinion, RIM will be outbid for every single one of them, and the lawsuits will keep on coming.
RIM is seen as the weakest link by those bigger companies, and they have made it their mission (while also engaging the help of the press) to destroy RIM. Who doesn't want to have one less competitor?
I'm a Blackberry die hard fan, but that doesn't make me blind. Let's hope I'm wrong.

They're not bidding on the patents individually, it's a partnership. RIM and the other companies are purchasing the patents together. Unless I'm wrong, that will mean that they all have equal rights/protection from all the patents that are purchased.

Nopefully the patent trolls don't cause damage to RIM.
Instead, go after the big $$$$$$$$$$$$$ ones that likely infringe.