Are we all clients of Sony ?

Started Jun 16, 2013 | Discussions thread
OP Thomas An Regular Member • Posts: 113
Re: Are we all clients of Sony ?
1

Mahmoud Mousef wrote:

Kodak used to be a heavy-hitter here too. I don't know if they sold off their patents...

I got this two days ago:
"Eastman Kodak Co. (EKDKQ) on Thursday will seek bankruptcy-court approval of a deal to settle some $2.8 billion in claims asserted by its U.K. pension plan.
Under the settlement, which Kodak calls "unprecedented," the company would sell its personalized-imaging and document-imaging businesses, which include cameras, retail photo-printing kiosks, scanners, and other products and services to its U.K. pension plan, which represents about 15,000 retirees. In return, the pension plan will pay Kodak $650 million, $325 million of which is in cash.
Kodak said the deal is the centerpiece of a restructuring plan that would see it exit Chapter 11 protection under the control of its bondholders, whom it will ask to forgive the $375 million they are owed in exchange for an 85% stake in the restructured Kodak."

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