Samsung has merged its digital imaging and mobile communications businesses in a bid to create better smartphones. The South Korean company hopes that the reshuffle will lead to better collaboration between the two teams as consumers become increasingly concerned about camera performance when buying a new handset.
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Struggling Kodak has finally agreed to sell its digital imaging patents to Intellectual Ventures and RPX Corporation — two consortiums backed by Apple, Google, Microsoft, and others — for $525 million. Kodak will receive a portion of the money from 12 intellectual property licensees, with each licensee receiving rights to the patents, while another portion will be paid by Intellectual Ventures, which will then acquire the digital imaging patent portfolio, plus the new and existing licenses.