Brother to Take Over Kodak Document Business?Editor - 25th April 2013
Kodak may be selling the document imaging aspect of its business to printer maker Brother Industries for a sum of around $210 million.
Brother will also inherit a “deferred service revenue liability” of $67 million.
Kodak’s Document Imaging business “provides a comprehensive portfolio of scanners, capture software and services to enterprise customers.” The transaction with Brother is likely to take place based on final court approval in June, provided that Kodak aren’t made a higher or better offer in the meantime in response to their marketing campaign. Under the terms of the company’s bankruptcy agreement, the U.S. Bankruptcy Court must approve of the bidding procedures before the transaction is made.