Saturday, October 25, 2014

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Western NY

Kodak Finalizes Patent Sale

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The Eastman Kodak Company has finalized a deal to sell its digital imaging patents. The company says the sale is worth $527 million.

The transaction helps the Kodak meet one of its key restructuring objectives and is another step forward in successful emergence from bankruptcy.

Kodak retains the right to use the 1,100 patents sold and maintains ownership of more than 9,000 other patents focused on its core business.

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