NEW YORK (Reuters) - Eastman Kodak Co's proposed $525 million sale of its digital imaging patents to Intellectual Ventures and RPX Corp got approval from a bankruptcy judge on Friday, bringing the photography company a step closer to exiting Chapter 11.
The price is a fraction of the more than $2 billion Kodak had hoped to fetch for the patents when it filed for bankruptcy in January 2012. However, it allows the company to proceed with a plan to secure $830 million in financing and exit bankruptcy in the first half of this year.
View More...
