Gizmogs

Kodak, one of the biggest names in the digital imaging game, has just inked a deal with Nokia to cross-license each other’s patent portfolios. The deal wasn’t exactly explained in the kind of detail that we’d prefer to see, but the patent cross-licensing deal apparently “provides significant benefits to both companies, [and] is royalty bearing to Kodak.”

Verizon noted today that it is indeed moving forward with plans to acquire Alltel for $28.1 Billion US Dollars. That’s a lot of dough. The deal would make Verizon the largest wireless carrier in the US. A spokesperson for the company has noted that they hope to close this deal before the end of the year. Plans are to keep moving forward on this deal, despite the current financial crisis going on in the US.

With SK Telecom's Helio MVNO talking to Virgin Mobile over possible merger or buy-out deals, it seems an odd move to actually shutdown much of Helio's operations throughout the US.