In its heyday, Kodak is well known for its movie products, but it the company's discouraging funds it skeleton on giving up on that. Eight months after filing for failure , Kodak has motionless to sell its normal movie businesses. This is segment of the streamlining routine the 130-year-old imaging firm is conducting, as it transitions to entirely combine its business to commercial-focused products, with printers receiving the core stage.
Kodak moreover wants to sell its "personalized imaging" and "document imaging" services, inclusive the kiosks in malls that rise digital photos, together with its business of receiving photos of people roving drum coasters and other adrenaline-pumping attractions in thesis parks.
This outline comes after Kodak finished up unhappy on its endeavor to sell over 1,100 patents the firm originally labelled between $2.2 billion to $2.6 billion. Instead of selling it to a singular buyer, potential buyers (which add Apple and Google amid others) form a consortium that would joint purchase the patents, thus bringing the bids down for as low as $250 million.
Source: Wall Street Journal , around TechCrunch
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