LAS VEGAS, NV - JANUARY 10: Convention attendees visit the Kodak booth at the 2012 International Consumer Electronics Show at the Las Vegas Convention Center January 10, 2012 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 13 and is expected to feature 2,700 exhibitors showing off their latest products and services to about 140,000 attendees. Eastman Kodak Co., sued Apple Inc. and HTC Corp. today, claiming infringement of technology. (Photo by Kevork Djansezian/Getty Images)
Kodak agreed to sell its patent portfolio for $525 million to a consortium of companies that include Apple, Facebook and Google, according to reports.
Kodak will use the money to pay off its bankruptcy debt, if it is approved by the bankruptcy court, according TechCrunch. The group of companies include 12 licensees which all paid a portion of the $525 million.