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>> EASTMAN KODAK Latest News

JAN 11, 2013 - Yahoo! News

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Kodak patent sale plan gets bankruptcy court approval

NEW YORK (Reuters) - Eastman Kodak Co's proposed $525 million sale of its digital imaging patents to Intellectual Ventures and RPX Corp got a bankruptcy judge's approval on Friday, bringing the photography innovator a step closer to exiting Chapter 11. The price is a fraction of the more than $2 billion which 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. Judge Allan Gropper gave his green light at a ... Read More

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