Eastman Kodak is prepping for a Chapter 11 bankruptcy filing that could put an interesting twist in the patent wars.
According to The Wall Street Journal, Kodak is looking for $1 billion in so-called debtor-in possession financing, which keeps companies running in a restructuring, with the idea that it would sell its 1,100 patents in an auction.
In other words, Kodak is betting that it can land capital like Nortel Networks did--via a bankruptcy court auction. Kodak is trying to sell the patents to avoid a bankruptcy filing. Kodak's patents could come in handy in the ongoing patent … Read more