Report: Kodak set for bankruptcy

SHARES in photography company Kodak tumbled to an all-time low following a report that the ailing company is getting ready to seek bankruptcy court protection.

The Wall Street Journal said Kodak is preparing for a bankruptcy 11 filing “in the coming weeks” if efforts to sell a trove of digital-imaging patents fall through.

In July, Kodak began trying to sell around 1,100 digital-imaging patents that financial analysts think might fetch $2 billion to $3bn (€1.5 to €2.3bn).