Kodak Seeks Auction of Patents After no ‘Stalking Horse’ Bidder Emerges

Over the past 12 months, Kodak’s financial advisor, Lazard, has conducted an extensive marketing process for these assets. To date, 20 parties have signed confidentiality agreements and have been provided access to an electronic data room.

Lynch noted that the two portfolios being sold have different characteristics and may interest different buyers.

• The digital capture portfolio includes more than 700 patents, covering key aspects of image capture, processing and transmission technologies that are crucial to the design and operation of digital cameras and multi-function devices, including camera-enabled smartphones and tablets.
• The KISS Portfolio includes over 400 patents that cover technologies including image analysis, manipulation and tagging and network-based services, including image storage, access and fulfillment.

Since 2001, Kodak has generated more than $3 billion from licensing its digital imaging portfolio to industry leaders, including Samsung, LG, Motorola and Nokia, and is currently pursuing patent litigation against infringers that include Apple, RIM and HTC.