Deals
Apple, Google Group Deal for Kodak Patents Approved by Judge
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Technology companies including Apple Inc. and Google Inc. won court approval of a $527 million deal for Eastman Kodak Co. patents that are being sold as part of Kodak’s bid to exit bankruptcy protection.
The agreement, approved at a hearing today by U.S. Bankruptcy Judge Allan Gropper in Manhattan, is worth less than the more than $2 billion value of the patents estimated by a Kodak advisory firm. Gropper acknowledged that the company was “disappointed” in the price.