The bankrupted Kodak today obtained an approval from the Bankruptcy Court to conduct an auction to sell its Digital Capture and Kodak Imaging Systems and Services (KISS) patent portfolios. The company is selling the patents under section 363 of the U.S. Bankruptcy Code and will be sold in a fair, competitive process which will be overseen by the Bankruptcy Court.
Last month, we had seen that Kodak suing Apple in order to stop it from interfering with its plan to sell a large patent portfolio of over 1,100 patents. Kodak said that Apple claiming that 10 of Kodak patents are actually of its own since from the time the companies work together in the early 1990s. The patents include technology that helps camera owners preview photographs on LCD screens.
Well, with the today announcement now it’s clear that it hardly matters as Kodak having the permission in its hand.