Kodak Completes $527 Million Transaction Related to Digital Imaging Patents

Eastman Kodak has completed a transaction for the sale and licensing of its digital imaging patents for net proceeds of $527 million.

The transaction, which achieves one of Kodak’s key restructuring objectives, follows other recent major accomplishments that include final Court approval last week for the company’s interim and exit financing. Kodak’s monetization of IP assets further builds on its momentum toward emergence in mid-2013.