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Kodak – Let The Patent Auction Begin

Kodak
Kodak
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Updated: 8/08/2012 4:45 am
New York/Rochester, N.Y. - Today is the start of Kodak's auction for its digital patents.

Two early bids, backed by Google and Apple, were between $150- and $250-million.

The company hopes to get about $2.5 billion out of the auction.

Kodak has about 1,100 patents to sell and needs the money to pull the company out of bankruptcy.
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