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Kodak Goes Bankrupt and Sells Film Divisions

Business

0  Updated at 11:30 am, August 25th, 2012 By: ABC Digital
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Daniel Acker/Bloomberg News(LOS ANGELES) — Eastman Kodak is bankrupt, and the company is selling their film divisions, the Los Angeles Times reports.

The Rochester, N.Y.-based company wants to unload their personalized imaging and document imaging businesses that includes the “traditional photographic paper and still camera film products.”

The company hopes a deal will be sealed by the first half of 2013.

In January, Kodak filed for bankruptcy and is currently auctioning off more than 1,000 of its patents.

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