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Kodak may consider bankruptcy filing to aid patent sale

Unprofitable photo giant faces challenges in selling its patent portfolio

This is no Kodak moment. The 131-year-old camera company has not been profitable since 2007 and is in talks with potential bidders for its patent portfolio, which could rake in about $3 billion, according to an estimate by MDB Capital Group.

The 1,100 patents, however, cannot be easily sold, as purchases may be considered “fraudulent transfers” if Kodak is insolvent; if so, creditors may sue for more money. Therefore, a bankruptcy filing could help clear the way for patent sales.

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