With a reported $5.1 billion in assets opposed to $6.8 billion in debt, Eastman Kodak’s recipe for bankruptcy reached it’s tipping point, with the 131-year-old photography pioneer formally filing for chapter 11 protection as expected – falling victim to the demands and competition of the digital age.
Kodak Officially Files for Bankruptcy
Posted on January 19, 2012 by Manuel A. Calle in Industry News
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