Elpida Memory Inc. won bankruptcy court approval for technology deals over the objections of U.S. bondholders, who argued the agreements were an attempt to bind the bankrupt chipmaker to a proposed $2.5 billion sale to Micron Technology Inc., Reuters reported yesterday. Bankruptcy Judge Christopher Sontchi said that he found no evidence of collusion or improper motives yesterday in Elpida's technology licensing deals with Micron and a $15 million patent sale to Rambus Inc. U.S. bondholders opposed the deals because they said that they would effectively tie Elpida to its proposed sale and were unfairly beneficial to Micron. Elpida said that it would be able to immediately begin improving its operations thanks to the licensing agreements with Micron.
