Rochester, N.Y. - A newspaper report could provide encouraging news for Kodak as company executives try to help the company emerge from bankruptcy.
The Wall Street Journal reports that a consortium of bidders has offered more than $500 million to buy Kodak's digital patents.
If approved by a judge, the sale would be a significant step toward Kodak moving out of bankruptcy. The company recently received a new financing deal that including new loans. The deal was contingent upon Kodak selling its digital patents for $500 million.
A Kodak spokesperson said a judge banned the company from commenting on the patent sale.