fptechnoAug 07, 2012 09:04:19 IST
Top companies bid for Kodak's patents
A spokeswoman for the company declined to discuss the report in detail, citing court-ordered confidentiality surrounding the auction process.
"Kodak believes that speculation about the details and potential outcome of the auction is inappropriate," spokeswoman Stefanie Goodsell said on Monday. Bids can rise quickly in bankruptcy auctions. Nortel Networks Inc in 2011 sold its patent portfolio for $4.5 billion after initial bids came in at just $900 million.
Kodak's auction is slated to begin on Wednesday morning.
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