Kodak Takes a Stake in TweetPhoto
On Saturday, Eastman Kodak Company CMO Jeffrey Hayzlett told Midem music conference attendees that the company now owns a stake of Twitter photo-sharing site TweetPhoto . Hayzlett’s exact words on the deal were that the company liked the partnership it did with TweetPhoto in November, “so much so that we took a piece of the company.” The terms of the deal are still unknown at this point, but sources close to TweetPhoto tell us that the arrangement was made at the end of the November. According to our sources, Kodak currently owns stock warrants in TweetPhoto, which are securities that entitle Kodak to buy TweetPhoto stock at a specified price, though that price has yet to be publicized

