Kodak Sells Last Remaining Film, Imaging Divisions
In an epochal shift within the photographic community, struggling Kodak has sold the last of its core film and imaging divisions as part of its Chapter 11 bankruptcy procedures, in a deal worth $2.8 billion.
With the agreement, the Rochester, N.Y.-based company will cede control of its Personal Imaging and Document Imaging divisions to...
Kodak Ends Digital Camera Line
In its latest wave of financial amputations, the Eastman Kodak Co. has announced plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012.
Since filing for Chapter 11 bankruptcy protection earlier this year, Kodak has said there would be...
Kodak Files for Bankruptcy
Unable to sell off some of its 1,100 patents to stay out of debt, Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing. If successful, Kodak will have sold 10 percent of the company's patent portfolio, and will have potentially generated $3 billion in sales.
Currently, Kodak has obtained $950 million in financing from Citibank to maintain operations, which will allow the company to...