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IPNews® - Eastman Kodak Co. told a New York bankruptcy court Friday that it would put its plans to sell off its digital imaging patent assets on hold until further notice, given its difficulty soliciting high enough bids, and could potentially license the patents instead.
Kodak has been trying to auction off its patent portfolio for several months as part of its efforts to emerge from Chapter 11 restructuring. Kodak said it makes the most sense to adjourn the final sale hearing until further notice rather than filing for serial extensions of time. To continue reading, click: Bankrupt Kodak Postpones Patent Portfolio Sale Indefinitely