Kodak to get $525mln from digital imaging patents sale December 19, 2012 - 18:55 AMT PanARMENIAN.Net - Eastman Kodak will receive about $525 million from the sale of its digital imaging patents, money the struggling photo pioneer says will help it emerge from bankruptcy protection in the first half of next year, The Associated Press reports. The Rochester, N.Y., company filed for Chapter 11 bankruptcy protection in January after struggling to adapt to the shift to digital photography. Eastman Kodak Co. says the deal will help it repay a substantial amount of its initial debtor-in-possession loan and satisfies a key condition of new financing that required the sale of the patents for at least $500 million. Kodak is selling the patents to a group of licensees organized by Intellectual Ventures and RPX Corp.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Turkey replacing term "Central Asia" with "Turkestan" in textbooks  The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
