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November 8, 2011 05:00 am GMT

Short On Cash, Kodak Sells Its Sensor Business

kodakKodak, which has been struggling to make enough money to keep the lights on next year, has sold its image sensor business. The buyer is holdings firm Platinum Equity, which is also picking up a large R&D and manufacturing facility in Rochester. Kodak will continue to have access to (and presumably operate) the facility and staff, but who will ultimately end up with this piece isn't clear.The price was not disclosed, but I would guess it's probably somewhere around $100-$200 million, based on the scale of the purchase and the company's year end estimates and necessities. The details of the deal are also obscure, and will likely come out in a press release during the next week.

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