Kodak survival depends on patent sale or new debt

(Reuters) – Eastman Kodak Co warned on Thursday that it must raise $500 million in new debt or complete a multibillion dollar patent sale to survive the next 12 months.

“The photography company also posted dismal third-quarter results, with cash holdings down 10 percent from the second quarter, and it projected deeper losses this year as new printers and digital cameras failed to gain traction…”

Ph.: Reuters/Danny Moloshok

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