Poor benighted Kodak. It thinks its 1,100 patent, which it has to sell to pay off its creditors, are worth somewhere between $2.2 billion and $2.6 billion but was reportedly able to attract initial auction bids of only $500 million from bidders like the rival consortia led by Apple and Google.
It’s altogether a far cry from Nortel’s $4.5 billion experience last year.
The consortia reportedly involve Google-RPX-Samsung-LG-HTC on the one hand and Apple-Microsoft-Intellectual Ventures on the other.