Kodak Mothballs Patent Sale, Weighs Licensing Instead

Law360, New York (September 14, 2012, 2:04 PM EDT) -- Bankrupt Eastman Kodak Co. put an oft-delayed auction of its digital imaging patents on hold indefinitely Friday, telling a New York bankruptcy court that it might license the 1,100 patents through a subsidiary instead.

Kodak, which has been trying to sell the patents since before its bankruptcy filing in January, said that while its thus-far fruitless negotiations with potential bidders will continue, if an auction never happens it was considering "other alternatives" to an auction along with some of its creditors.

"In the event that a...
To view the full article, register now.