To little surprise, a bankruptcy judge has signed off on the $525M sale of Eastman Kodak's...


To little surprise, a bankruptcy judge has signed off on the $525M sale of Eastman Kodak's (EKDKQ.PK -2.4%) patent portfolio to a consortium managed by RPX (RPXC) and Intellectual Ventures, and featuring a who's who of tech giants. The approval clears the way for Kodak to obtain $830M in financing and come out of Chapter 11 in 1H13. Earlier this week, Kodak, which plans to focus on business solutions going forward, announced a deal with private JK Imaging in which JK will sell cameras under the Kodak brand.

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Comments (3)
  • Tack
    , contributor
    Comments (16180) | Send Message
     
    "....come out of Chapter 11 in 1H12"

     

    One of their patents must have been for a time machine. :-)
    11 Jan 2013, 02:51 PM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
     
    Indeed. Thanks for catching the typo.
    11 Jan 2013, 02:56 PM Reply Like
  • lcmucci
    , contributor
    Comments (29) | Send Message
     
    Anyone trust this guy running Kodak?
    13 Jan 2013, 03:45 PM Reply Like
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