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Kodak Bankruptcy Talks with Citigroup

By: Wendy Halik
Updated: January 12, 2012

Kodak is in advanced talks with Citigroup to provide bankruptcy financing.

According to Bloomberg a filing could come within weeks, followed by an auction of patents.

The report says Bloomberg spoke to three people familiar with the matter.

It says Kodak is lining up a bidder, or a so-called "stalking horse" bidder to purchase the patents after a bankruptcy filing.

Bloomberg did try to reach kodak but no one was available for comment.

We will continue to track this story tomorrow as new details become available.

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