Kodak Moving Forward With Patent Sale, 20 Potential Buyers Surface
Recent news coming out of Rochester yesterday points to the fact that Kodak will be selling off its two massive patent portfolios sooner rather than later, and regardless of any progress made in the suit against Apple and RIM. In accordance with the June 30th deadline outlined in their lending agreement, Kodak has already filed a motion with the bankruptcy court -- to be approved at a hearing on July 2nd -- petitioning for a closed bids auction due to the "special nature of the assets."