Subscribe to this page now.

Kodak braces for Chapter 11 bankruptcy if patent sale stops

01/04, 3:40pm

Kodak readying Chapter 11 filing as precaution

Kodak is drafting Chapter 11 bankruptcy filings in the event it can't sell patents in the next few weeks, insiders asserted Wednesday. The proposed plan seen by the Wall Street Journal would see the camera legend possibly enter bankruptcy later this month or in early February. The reorganization would see it get $1 billion of debtor-in-possession funding and sell its entire library of 1,100 patents through a bankruptcy auction rather than a typical process.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Razer Taipan mouse

    The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

    Cambridge Audio DacMagic XS

    Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

    D-Link Wi-Fi Smart Plug

    Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News