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.
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