Welcome, Guest! - or
Easy to remember!  »  VinNews.com

Rochester, NY - Kodak Sells Online Gallery To Shutterfly

Published on: March 1, 2012 07:40 PM
By: AP
Change text size Text Size  
Bookmark and Share

Rochester, NY - Eastman Kodak Co. said Thursday it plans to sell its online photo service business to online photo publishing company Shutterfly Inc. for $23.8 million.

Eastman Kodak filed for Chapter 11 bankruptcy protection in January and said it is narrowing its focus to its core printer businesses. A bankruptcy court will review the proposed sale of Kodak Gallery.

The company said Kodak Gallery has more than 75 million users. Kodak customers who don’t want their photos transferred to Shutterfly can opt out and get their photos through free downloads or buying DVDs from Kodak Gallery.

Shutterfly stock, which fell 45 cents to close Thursday at $26.91, climbed $3.79, or 14.1 percent, to $30.70 in aftermarket trading following the announcement.


More of today's headlines

Montana - An appellate court will conduct a judicial misconduct review of Montana's chief federal judge, who sent an email to friends that contained a racist joke... Phoenix, AZ - America's self-proclaimed toughest sheriff finds himself entangled these days in his own thorny legal troubles: a federal grand jury probe over alleged...

 

You can now automatically hide comments - New!

Don't worry, you can always display comments when you need to.

Total1

Read Comments (1)  —  Post Yours »

1

 Mar 01, 2012 at 08:50 PM The Red Canary Says:

$23.8 million?? Peanuts!

2

Sign-in to post a comment

Scroll Up
Advertisements:

Sell your scrap gold and broken jewelry and earn hard cash sell gold today!