Bankruptcy
Nov. 14, 2012
Bankrupt Kodak working on $525 million digital imaging patent sale
Eastman Kodak Co. is working out a deal to sell its digital imaging patent portfolio for about $525 million to an unnamed buyer as part of a financing plan to emerge from Chapter 11 bankruptcy next year, the company said Tuesday.
Daily Journal Staff Writer
Eastman Kodak Co. is working out a deal to sell its digital imaging patent portfolio for about $525 million to an unnamed buyer as part of a larger financing plan to emerge from Chapter 11 bankruptcy in the first half of 2013, the company said Tuesday.
The pending patent deal is worth far less than the $2.38 billion valuation on about 1,300 Kodak patent properties lawyers calculated when the company fi...
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