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News Summary: Kodak to sell imaging units

- Associated Press - Thursday, August 23, 2012

WHAT'S NEW: Eastman Kodak wants to sell its document imaging and personalized imaging businesses to better focus on printing and business services. It is working to emerge from Chapter 11 bankruptcy protection.

WHAT'S OLD: Kodak was founded in 1880. Its Kodachrome film, introduced in 1935, became the first commercially successful amateur color film.

WHAT'S NEXT: Kodak said Thursday that the sale of the units, along with cost-cutting measures and the auction of its patent portfolio, will help it emerge from bankruptcy sometime in 2013.

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