Kodak on Wednesday announced it has sold its collection of digital imaging patents for $525 million to two groups led separately by Apple and Google. From Apple Insider:

A total of 12 intellectual property licensees including Apple and Google were organized by Intellectual Ventures and RPX Corporation. Per the terms of the deal, each licensee will receive rights with respect to Kodak's digital imaging patent portfolio and other intellectual property.

Apple and Microsoft backed the Intellectual Ventures bid, while RPX Corporation had the support of Google, LG and HTC. Other licensees included in the final deal are Samsung, Facebook, Adobe, and Amazon.

Kodak sells $525M patent portfolio to consortiums led by Apple & Google