Meet the Only Bidder for Kodak's Photo-Sharing Website

Shutterfly's stalking horse bid should have been low enough to smoke out other potentially buyers of Kodak Gallery -- but no other company thought it could make something of a photo-sharing site that had been largely left for dead.

Kodak Files for Chapter 11 Bankruptcy

Photography icon Eastman Kodak has filed for bankruptcy, as it seeks to boost its cash position and stay in business. The move comes as the ailing company has failed to find a buyer for its multibillion-dollar trove of digital imaging patents.