Reports are saying Google and Apple are soon to purchase Kodak's Imaging Patents for around 500 million U.S. dollars.
The International Trade Commission (ITC) ruled on Friday that neither Apple nor Research in Motion infringed Kodak’s patents. Unfortunately, Kodak was not the only victim in this dispute.
Kodak has announced that it has filed voluntary petitions for reorganisation with the US Bankruptcy Court in efforts to protect it from impending bankruptcy.
Camera company Eastman Kodak has sued Apple and HTC over the alleged infringement of a number of patents relating to digital camera images, a move that could rescue the firm from impending bankruptcy.