Kodak selling imaging assets to Brother for $210 million

Kodak selling imaging assets to Brother for $210 million
Bankrupt Eastman Kodak has announced today that it has agreed to sell document-imaging assets to Brother for $210 million, setting a starting bid if other companies want to compete for them.

Brother, which sells office equipment like multi-function printers, will also assume $67 million in customer prepayment liabilities.

In its effort to emerge from Chapter 11 bankruptcy, the company has been selling assets and slimming down. Kodak sold $525 million worth of digital-imaging patents last year, shut down their consumer inkjet printer unit, and is searching for buyers for its consumer film and photo kiosks.

The eventual goal is to emerge as a profitable company working with commercial printing and packaging.

Written by: Andre Yoskowitz @ 15 Apr 2013 23:16
Eastman Kodak Brother
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  • Jemborg

    O how the mighty have fallen.

    Its a lot easier being righteous than right.

    16.4.2013 12:23 #1

  • molsen

    Arrogant management without foresight has doomed Kodak. It is shame. Many people in Rochester, NY lost jobs because of the poor decisions made by management.

    17.4.2013 06:27 #2

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