Kodak said that it has rights to its patents to Intellectual Ventures and RPX Corp. in a deal valued at $525 million.
The deal gives Kodak more cash, allows it to reemerge from bankruptcy and set itself up to be a standalone company in the first half of 2013.
More importantly, Intellectual Ventures solidifies its role as patent kingpin. Kodak will get $525 million, which will in part be paid by 12 licensees arranged by Intellectual Ventures and RPX.
Kodak's portfolio is important since it revolves around digital imaging patents. Both Google and Apple wanted access to those patents because they play into every smartphone with a camera.
In addition, Kodak also settled any patent litigation with participants in the deal. The 12 players in the consortium weren't revealed, but given the number it most likely includes most mobile players.
Given the number of companies in the Kodak deal and licensees, this patent deal appears to be a win-win.