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Kodak looking to develop bailout plan

Published by Steve Coleman on January 04, 2012

A Wall Street Journal story says the big picture isn't bright for Eastman Kodak.

The former Blue Chip photography company is making plans for Chapter 11 bankruptcy protection in the US and in negotiations to raise $1 billion to stay solvent during any bankruptcy proceedings, the newspaper says.

To stay afloat, the company is looking to sell 1,100 patents through a court-supervised auction.

Click the following link to read the WSJ story.



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