// IP Marketing video - START// IP Marketing video - END

Kodak gets $500m bid for 1,100 of its patents

Kodak gets $500m bid for 1,100 of its patents

PanARMENIAN.Net - Bankrupt imaging outfit Kodak has received a bid of more than $500m for 1,100 of its patents, The Inquirer reports.

Kodak, which is languishing in bankruptcy court after years of falling behind its rivals, has been trying to sell 1,100 patents that relate to digital imaging for over 18 months. Now the firm has received a bid of more than $500m from a consortium for its patents.

Kodak had claimed its patents would be worth billions but until now had only received bids around the $250m mark. The firm needs to sell part of its patent portfolio in order to secure loans offered on the premise that its patents can be sold for $500m or more.

While Kodak is trying to sell its patents to generate cash, the firm has been slashing costs by cutting staff and concentrating on high margin businesses. The firm claims it will rake in $2.7bn in 2013 with what is left of the business.

 Top stories
The primary device failed on Saturday, leaving the ISS to depend on a backup system to route commands to its solar power system.
The pop-over cross-app switcher appears when some users tap the profile icon in the top corners of Facebook, Messenger or Instagram.
The ability to Go Live on YouTube previously required that you have 1,000 subscribers, and before that the requirement was set at 10K.
You can find the filters by opening up the camera interface in the app and tapping the new icon in the bottom right corner.
Partner news