Micron (MU +2.5%) moves a step closer to owning Elpida after a U.S. bankruptcy court signs off...

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Micron (MU +2.5%) moves a step closer to owning Elpida after a U.S. bankruptcy court signs off on Elpida's IP licensing deal with Micron and $15M patent sale to Rambus (RMBS +1.2%) over the objections of U.S. bondholders. The decision comes less than 3 months after a Tokyo court approved the Micron-Elpida deal and dismissed an alternate proposal from bondholders. Elpida creditors have until the end of February to vote on the Micron deal. (previous)