Another tech giant has fallen. At stake is a portfolio of 1100 digital imaging patents. I wonder who'll snap them up?
Eastman Kodak said early Thursday that it had filed for bankruptcy protection, as the 131-year-old film pioneer struggled to adapt to an increasingly digital world.
As part of its filing, made in the federal bankruptcy court in the Southern District of New York, Kodak will seek to continue selling a portfolio of 1,100 digital imaging patents to raise cash for its loss-making operations.
The company plans to continue operating normally as it reorganizes under Chapter 11 protection.