Bill Gates expands photo empire |
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Bill Gates expands photo empire
Bill Gates has acquired a 5.2 percent stake in Eastman Kodak, according to a regulatory filing today. The Microsoft chairman owns the shares through his Cascade Investment LLC investment arm and the Bill & Melinda Gates Foundation.
The investment is interesting in part because Gates is the owner of Corbis, the Seattle-based digital image and stock photography company. The filing was spotted earlier today by Eric Savitz of Barron's Tech Trader Daily, who asks if it might be a sign of hope for Eastman Kodak, which has been struggling with the economy and the transition to digital photography.
Savitz also points to another Cascade filing that lists the investment firm's largest holdings, ranging from old standbys such as Berkshire Hathaway to newer holdings such as shoe company Crocs Inc. For the record, Gates owned about 8 percent of Microsoft's stock as of earlier this month.
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