Eastman Kodak Co. filed a motion on Monday seeking approval of bidding procedures for bankruptcy auction of its Digital Capture and Kodak imaging Systems and Services patent portfolios, which together comprise more than 1,100 patents, Reuters reported yesterday. Kodak's motion outlines a sale process such that only the winning bidder and the successful bid amount will be publicly announced at the end of the auction. Kodak, now in bankruptcy, expects the motion to be heard by the court on July 2, with the auction being held in early August and the winning bidder being announced by August 13.
