March 2, 2012 11:56 am EDT

Kodak agrees to sell Gallery online photo service to Shutterfly for $24 million

Remember that Kodak Photo Gallery online picture service that we didn't use? It appears that years of shipping packed-in with the company's cameras have netted it some 75 million users, making it an asset that now-bankrupt Kodak has agreed to sell off to Shutterfly for $23.8 million. The deal isn't quite done yet, with Shutterfly's offer entered as a stalking horse bid while other buyers may also submit proposals before the process is targeted to close in the spring. This is all a part of Kodak's pivot away from digital cameras and related products as it focuses on enterprise services and desktop printers instead. Under the current agreement, current gallery customers uncomfortable with being shipped off to Shutterfly will be able to opt out and either download their stored pics or buy them on DVDs. Otherwise, their accounts will be transferred in a way that is "preserved, and protected" -- that is to say, almost entirely unlike the way they're handled on iOS and Android.

Continue reading Kodak agrees to sell Gallery online photo service to Shutterfly for $24 million

Kodak agrees to sell Gallery online photo service to Shutterfly for $24 million originally appeared on Engadget on Fri, 02 Mar 2012 06:56:00 EDT. Please see our terms for use of feeds.

Permalink | Kodak ||Comments

Original Link: http://www.engadget.com/2012/03/02/kodak-agrees-to-sell-gallery-online-photo-service-to-shutterfly/

View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget