Omnivision Acquires 850 Kodak Patents for $65M

PR Newswire: OmniVision announced the purchase of approximately 850 image sensor-related patents and patent applications from Eastman Kodak for $65.0 million in a cash transaction. The transaction was completed on March 31, 2011.

"We are pleased with the opportunity to double the size of our intellectual property portfolio for CMOS image sensors," said Shaw Hong, CEO of OmniVision.

The purchased patent portfolio comprises approximately 850 U.S. and foreign patents and patent applications. The intellectual property includes numerous granted patents of key CMOS technologies covering early and fundamental CMOS image sensor work; improvements on foundational architectures, including new features and functions; and next generation performance improvements, miniaturization and cost reduction technologies.