The ‘low bids for Kodak patents’

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For the patentenportefeuille of Kodak, the ailing company in the sale has done, would by interested parties in the first round are much lower than expected. Kodak has the money needed to survive.

Some investment institutions have a first bid according to the Wall Street Journal in an amount of between 150 and 250 million dollars provided for the more than 1,100 Kodak patents. The value of the patentenportefeuille was originally estimated at 2.6 billion dollars. Kodak would not comment on the reports.

Despite the low openingsbiedingen the prices will probably go up if Apple and Google on the patentenpakket may have to offer. This auction start Wednesday morning. In addition, Apple has the firm Intellectual Ventures on, a company that by some is seen as a ‘patent troll’. Google has chosen to RPX, a company that aims to be more protective.

Kodak has a high yield needed to get out of debt to get. The company, which is 130 years old, had at the beginning of this year, postponement of payment requests. The debt would be almost $ 7 billion in size.