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Kodak's Patent Auction to Roll Past Deadline

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Aug 13, 2012, 4:59 PM by Eric M. Zeman

Eastman Kodak today said that it is extending an on-going auction for some 1,100 imaging patents, as discussions with bidders are still under way. Kodak is auctioning off digital imaging patents in two lots as part of its bankruptcy restructuring. The first lot includes patents pertaining to capturing and processing images on smartphones, tablets, and cameras; and the second relates to storing and analyzing images. The Wall Street Journal named Apple and Google as bidders last week, but Kodak has not officially named participants of the auction. The auction was scheduled to close today. The ailing film maker hopes to raise more than $1 billion through the patent sale.

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