Eastman Kodak, one of the more venerable names when it comes to imaging and photography, intends to put an end to its long drawn out bankruptcy saga. It seems that word on the street has it that a deal has been reached with bondholders for $793 million in loans as well as other debts, and this could possibly help remove it from bankruptcy proceedings. One of the major points required for this deal to fall through is to have Kodak sell off its prized digital photography patent portfolio for a minimum price tag of $500 million.
Ubergizmo , Kodak's patent portfolio going for $500 million, Kodak's patent portfolio going for $500 million
