Friday, November 23, 2012

Eastman Kodak is Shopping for a Deal

In an effort to raise money to fund its turnaround, Eastman Kodak (EK) is�is attempting to�sell its online photo-sharing business, Kodak Gallery, according to a report by the WSJ.

Citing “people familiar with the matter”�the newspaper reports�that Kodak has approached photo-sharing websites, competitors, private equity firms and retailers about making a deal�for the unit. And according to one person approached by Kodak, the photography icon wants� “hundreds of millions of dollars” for Kodak Gallery, which has been losing traffic.

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