As the photo business shifted to digital, Kodak had a difficult time adjusting and in that same time they saw their business take a heavy fall. With that heavy fall Kodak fell behind and the company then applied for a bankruptcy protection in the first half of next year. In the mean time to hold them over Kodak sold their patents for a large amount and it looks like they cashed out well. Find out after the break how much they sold their patents for.

x TatWZA

Kodak sold their patents for an amazing $525 million dollars,Kodak should be able to hold themselves for a few months next year. Being able to pay off their debts and hopefully get back on their feet.