Daily News: September 17, 2012

Bloomberg: Kodak May Retain Technology Rather Than Sell

Eastman Kodak noted in court filings on September 14 that it is exploring alternatives, which includes keeping its more than 1,000 digital imaging patents instead of selling them in an auction as was previously announced.

The company told its creditors that it might not be able to get acceptable terms for the patents in an auction, a Bloomberg article said.

Kodak delayed the auction for its patents three times. U.S. Bankruptcy Court Judge Allan Gropper has scheduled a final hearing for September 19. Kodak said it will continue to negotiate with potential buyers and will alert the court if it is able to reach an agreement.

To read the Bloomberg article, click here.

Previously on abfjournal.com:

Kodak Appoints AlixPartners Roof as Interim CFO, Tuesday, September 11, 2012

Kodak Takes Next Steps Toward Emergence; Apple Appeals Ruling, Friday, August 24, 2012