Eastman Kodak Co.’s $525 million patent sale disclosed Wednesday involved a Who’s Who of the global technology industry, as usually fierce rivals came together to take off the market patents governing the digital cameras now ubiquitous in mobile devices.
Eastman Kodak Co. reached a deal with bondholders for $793 million in loans that could take the onetime photography icon out of bankruptcy proceedings on the condition it sell a trove of patents for a certain amount, said people familiar with the discussions.
Online luxury retailer Gilt Groupe Inc. quietly launched a search for a new chief executive to replace co-founder Kevin Ryan as its strives to shore up its financial performance to support a possible initial public offering.
Eastman Kodak Co.’s patent auction has failed to generate the premium bids that the company and creditors had hoped for, with some suitors leaving Manhattan for home in the past few days, people familiar with the matter said.
Orbitz Worldwide Inc. has found that people who use Apple Inc.’s Mac computers spend as much as 30 percent more a night on hotels, so the online travel agency is starting to show them different, and sometimes costlier, travel options than Windows visitors see.
Eastman Kodak Co. is preparing to appoint a chief restructuring officer, a move that could help the company secure financing needed to stay afloat during bankruptcy proceedings, people familiar with the matter said.