Reuters: Bankruptcy News: Kodak may abandon patent auction, explores options

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Kodak may abandon patent auction, explores options Sep 14th 2012, 13:58 Sept 14 | Fri Sep 14, 2012 9:58am EDT Sept 14 (Reuters) - Eastman Kodak Co said on Friday it may abandon efforts to sell a portfolio of digital imaging patents at auction, and has delayed indefinitely a court hearing to approve such a sale. In a filing with the U.S. bankruptcy court in Manhattan, Kodak said if it were unable to reach acceptable sale terms, it could create a licensing company for the patents as a means to help repay creditors in its Chapter 11 case.

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