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.

Copyright 2012 ABC News Radio



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