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Kodak Delays Announcing Results of Patents Sale
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USA based Eastman Kodak delayed announcing the results of its patents sell-off just moments before the announcement was expected to be made.
The company said that it was extending the deadline for bids due to "continuing discussions with bidders." The company declined to explain other than to add that its auction was "complex and dynamic".
Kodak has previously said that it expects to earn as much as US$2.6 billion from selling the patents, but the bids are reported to be considerably lower than that, with some reports suggesting as low as just US$500 million.
Last month, Google and Apple were named as the unsurprising front runners in the battle to buy some 1,100 patents put up for sale by the bankrupt Eastman Kodak.
Apple is reported to have teamed up with Microsoft and patent licensing group, Intellectual Ventures Management -- while Google is said to be working with Samsung, HTC, LG and the patent licensing group, RPX Corp.
The sale is for two blocks, one includes patents relating to a range of image processing techniques. However the other block contains all the patents covering mobile technologies and is likely to be the one the bidders are most interested in aquiring.
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