Eastman Kodak is Shopping for a Deal

[Stocks-to-Watch]

In an effort to raise money to fund its turnaround, Eastman Kodak (EK) is*is attempting to*sell its online photo-sharing business, Kodak Gallery, according to a report by the WSJ.

Citing “people familiar with the matter”*the newspaper reports*that Kodak has approached photo-sharing websites, competitors, private equity firms and retailers about making a deal*for the unit. And according to one person approached by Kodak, the photography icon wants* “hundreds of millions of dollars” for Kodak Gallery, which has been losing traffic.



Original Article Source by Barrons.com