Kodak is going to be the online photo service Kodak Gallery to sell to Shutterfly. The two companies have an agreement in principle was signed. The sale involved an amount of 28.3 million dollars. Kodak Gallery has 75 million users.
Kodak go Kodak Gallery to sell to Shutterfly, a company that online photo storage and fotoprintdiensten offers. Although the two companies the agreement in principle is already signed, the ultimate decision to the court, as Kodak is currently in a position where suspension of payment is granted.
Shutterfly wants to 28.3 million dollars to pay for the acquisition of Kodak Gallery. That is considerably less than the $ 100 million that Kodak in 2001, paid for Ofoto, which was renamed Kodak Gallery.
Kodak guarantees current customers that the transition to Shutterfly fluent will expire with preservation of photos. Users that here is no salvation in see, may opt out of the conversion proceedings and their own photos for free download, or on dvd’s and can burn through Kodak Gallery.
Mid-november last year via The Wall Street Journal is already known that Kodak cloud photo service of the hand wanted to do and with the money his indebtedness wanted to reduce. Kodak wants after divesting to focus on its core business.