US judge approves Kodak to auction its patents

July 3 news, according to foreign media reports, Eastman - Kodak company was allowed to auction its valuable digital patents. The auction will not be conducted in public and the court will not assign preferred bidders.

Allan Gropper, a judge of the Manhattan Bankruptcy Court in the United States, said on Monday that Kodak would be approved to auction about 1,100 patents. Kodak's valuation of these patents does not exceed $2.6 billion. Gropper also hinted that it will approve the company's conditional purchase and sale authorization requirements; Gropper originally reviewed the request and prompted Kodak's agent to make changes to this requirement.

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