Kodak Selling Shutterfly Its Online Photo Business For $23 Million

Posted on Mar 2 2012 - 6:37am by Editorial Staff

As a part of its bankruptcy restructuring in the company and saying it would stop making digital cameras, Eastman Kodak has entered into an agreement to sell its online photo services business to Shutterfly for $23.8 million. The move which means that Kodak Gallery customers’ accounts and uploaded images in North America will be transferred to Shutterfly, through giving an option to customers will be able to opt out. Shutterfly is an Internet-based social expression and personal publishing service. Shutterfly is a “leading social expression and publishing service” that will benefit from Kodak Gallery’s userbase of over 75 million.

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