Bankruptcy Judge OKs Kodak's Sale of Digital Imaging Patents

Eastman Kodak Co's proposed $525 million sale of its digital imaging patents to Intellectual Ventures and RPX Corp got a bankruptcy judge's approval, bringing the photography innovator a step closer to exiting Chapter 11. The price is a fraction of the more than $2 billion which Kodak had hoped to fetch for the patents when it filed for bankruptcy in January 2012.