WSJ: Kodak Preparing for Bankruptcy
Eastman Kodak Co. is preparing for bankruptcy in the “coming weeks” in case efforts to sell its patents fall through, the Wall Street Journal reported on Wednesday.
The photography and imaging equipment company has long struggled with revamping itself as a technology company amid advancements in digital cameras and photo sharing. Shares of Kodak have closed under $1 for 30 consecutive trading days, the Journal reported. ...