Kodak plans to sell off digital imaging patents

Kodak has filed proceedings to enable the bankrupt company to sell off its digital imaging patents. With a looming June 30th deadline in its lending agreement, the fallen camera maker is petitioning the court to approve a closed bids auction at a hearing on July 2nd. The company has broken the haul into two portfolios, one surrounding digital camera technology and the other concerning image analysis, manipulation and tagging. It's been pitching the pair around to various interested parties for the past year, with 20 companies reportedly registering an interest. If all is approved, the auction will be held in early August, with the winning bidder to be informed on the 13th of the month. The only question now is to wonder which industry values the portfolio more: the camera guys, or the cellphone guys.

[Image Credit: MercerFilm]

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Kodak plans to sell off digital imaging patents originally appeared on Engadget on Tue, 12 Jun 2012 05:11:00 EDT. Please see our terms for use of feeds.