Is Kodak Going To File For Bankruptcy? [Headlines]

Is Kodak Going To File For Bankruptcy? [Headlines]

The WSJ has published an article quoting sources that say Kodak needs $1 billion in funding just to stay in business.

Dory Carr-Harris, PSFK
  • 6 january 2012

Eastman Kodak will file for Chapter 11 bankruptcy protection over coming weeks unless it can sell its collection of digital patents, according to a report.

The Wall Street Journal, citing “people familiar with the matter,” reports Kodak is in talks with lenders about $1 billion in funding that would keep the company afloat during bankruptcy proceedings. The bankruptcy could happen later this month or in February, according to the report. Mashable

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