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Tuesday, August 07, 2012
Google, Apple Bid On Kodak Patents

Kodak has reportedly received two bids from investor groups including Apple Inc and Google of between $150 million and $250 million, the Wall Street Journal reported on Monday.

Bankrupt Kodak is i planning to auction 1,100 digital patents, which the company believes could be worth $2.6 billion, in order to repay creditors. The company filed for Chapter 11 protection in January.

Kodak did not comment on the report and described is as "speculation"

Kodak's auction is slated to begin on Wednesday morning.

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