Kodak to sell the film business that made it so famous

Kodak is selling off its renowned film arm in order to revive its moribund fortunes. It'll join sales of the company's patent portfolioonline gallery, commercial scanning, photo kiosk and theme park businesses so it can concentrate on a not-yet successful printer enterprise. It needs to raise more than $660 million to pay back creditors before it can emerge from Chapter 11, which it aims to do early next year -- but not in any form that we're likely to recognize.

[Source: Engadget]