http://www.blogcdn.com/www.engadget.com/media/2012/12/kodak-1354945732-1355924405.jpg Despite hammering out the details late last year, Kodak still had to wait for the Bankruptcy court to greenlight its big patent sale. Today, that happened: Judge Allan Gropper has approved the $527 million deal between Kodak, Apple and Google – giving the floundering photo company final permission to offload more than 1,000 imaging patents. Kodak originally valued its collection of IP at over $2 billion, which Gropper deemed a bit high. Despite hoping for a higher payout, Kodak’s attorney admits the deal is probably the best it could have hoped for, explaining that the $525 million the company will collect in the agreement will give it some “patent peace.”
Filed under: Misc
Comments
Source: Bloomberg