Gates Buys into Kodak
Posted on 2/19/2009 by Julia Dudnik Stern | Printable Version |
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Multiple media have reported that Corbis owner and Microsoft chairman Bill Gates has acquired a 5.2% stake in Eastman Kodak. A Dec. 31 U.S. Securities and Exchange Commission filing disclosed the acquisition. Kodak’s last reported quarterly revenues were down by 24% from the previous year, and the company recently announced plans to cut 4,000 jobs.
Copyright © 2009
Julia Dudnik Stern.
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