Kodak gets $500m bid for 1,100 of its patentsDecember 6, 2012 - 17:46 AMT 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 Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |