AAPL Stock: 119.01 ( + 1.2 )

Printed from

Kodak sells Gallery photo service to Shutterfly

updated 05:20 pm EST, Thu March 1, 2012

Kodak offloads online photos to Shutterfly

Kodak took a key step to getting out of its ongoing bankruptcy by tentatively selling its online Kodak Gallery photo service to Shutterfly. The deal will move both the 75 million users and their photos to the larger, more stable service. Photographers will have the chance to opt out and still get their photos, either through direct downloads for free or by buying photo DVDs while Kodak Gallery is active.

The price behind the deal wasn't disclosed. Kodak would say, however, that it involved a "stalking horse" bid, where a company agrees to make a minimum bid to keep the price at a guaranteed level if someone else makes an offer. The deal left open the possibility for someone else to secure the deal if they were willing to pay a premium.

Kodak hoped to complete the Shutterfly deal and others in the bankruptcy action during the spring, with the bankruptcy court signing off on the deal by the end of March.

The company declared bankruptcy in January after years of failing to adapt to the digital camera space. It has been trying a two-pronged approach to avoid liquidation, including selling off most of its non-printer businesses as well as suing companies like Apple, HTC, and Samsung to artificially boost its income through patent royalties and settlements.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented