Electronista

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updated 03:25 PM EST 01.11.13
Kodak patent portfolio sale approved by bankruptcy court
Jusge Allan Gropper, the judge overseeing the Kodak bankruptcy proceedings, has given the go-ahead to its proposed $525 million patent sale. While the offer is just a small fraction of the billions Kodak was originally expecting for the portfolio, the completed sale will allow the company to continue with a plan to obtain an additional $830 million in financing on top of the patent proceeds, and exit bankruptcy in the first half of 2013.