Kodak Sells Organic LED Unit to LG
By wchung | 03 May, 2025
Eastman Kodak Co. said Wednesday it had completed the previously announced sale of its organic LED, or light-emitting diode display, business to South Korea’s LG Electronics Inc.
Eastman Kodak did not say how much it received for the business but said the deal will help its finances and tighten its investment focus.
The company earlier said it had struck a cross-licensing agreement with LG that will give them “broad” access to one another’s patents, yield Eastman additional royalty payments and settle litigation between them over intellectual property.
Eastman, based in Rochester, N.Y., filed complaints late last year with the U.S. International Trade Commission against LG and others, claiming the companies imported mobile phones with digital cameras and related components that infringed on its patents.
Eastman Kodak shares rose 3 cents to close at $4.34 on Wednesday.
12/30/2009 7:00 PM ROCHESTER, N.Y. (AP)
Articles
- Survey Shows Rise of Anti-Asian Feelings — and Cause for Optimism
- Judge Edward Chen Sets Up Supreme Court Review of Trump's Mass Deportations
- Rep. Shri Thanedar Introduces Articles of Impeachment Against Trump
- Vinod Khosla's Venture Capital Fortune Blossomed Early from Sun
- When Saigon Fell, My Parents Fled
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals