The auction for the Ipix intellectual property assets, which includes patents held domestically and abroad, took place in open court as part of the company's bankruptcy sale, according to a court order granting Ipix permission to sell its intellectual property and assets.
Ipix, which traded on the Nasdaq, filed for Chapter 7 bankruptcy on July 31, 2006, with the U.S. Bankruptcy Court for the Eastern District of Virginia.
Sony was initially represented by a law firm as an anonymous bidder and won with the highest offer: $3.6 million for all of Ipix's patents held both domestically and internationally, as well as any outstanding patent applications or provisional patent applications on new inventions. It was revealed on Friday, at a court hearing approving the sale, that Sony was the bidder.
The sale included more than 35 U.S. patents and patent applications on technology involving immersive still photography, 360-degree digital immersive video and a camera with gigapixel resolution, as well as more than 50 patents and patent applications on the same or similar technology filed in Australia, Austria, Canada, Germany, the European Union and Japan."
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