In January 2012, Kodak filed for Chapter 11 bankruptcy protection, having succumbed to a digital revolution in photography that it had helped to start. But the company’s managers still hoped to escape from bankruptcy and have another shot at greatness by selling part of a portfolio of patents that experts valued as high as US $4.5 billion.
Eleven months later, those roughly 1700 patents (together with 655 patent applications) sold for just $94 million—less than the licensing fees Kodak had collected in its worst-ever year in recent history…
“The Lowballing of Kodak’s Patent Portfolio” —IEEE Spectrum
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