silent auction

4:40pm

Thu August 9, 2012
Regional Coverage

Kodak sells digital patents to pay off creditors

Kodak is selling 11,000 digital patents in a silent auction in Manhattan beginning today. The company is hoping to use the proceeds to pay off some of its creditors.

The Wall Street Journal reports technology giants Google and Apple are both bidding, but the initial offers are much lower than the estimated $2.6 billion Kodak says the patents are worth.

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