Kodak popularized photography over a century ago. It marketed the world's first flexible roll film in 1888 and transformed picture taking into a mass commodity with the $ญญ1 Brownie camera in 1900. Pierre
Kodak invented the first digital camera in 1975 and was a precursor in DSLR with the DCS 100.
In November 2011, Kodak completed the sale of its Image Sensor Solutions (ISS) business to Platinum Equity. Financial estimation is that this sale brought no more than $ญญ200m to Kodak.
The Kodak sensors are used in Leica M9, Pentax 645
This sale is aligned with the company's strategy to generate cash to complete these operations and stay viable.
Included in the sale is a 263,000 square foot facility in Eastman Business Park in Rochester, N.Y., that houses manufacturing and research facilities.
Platinum Equity is a global M&A&O firm specializing in the merger, acquisition and operation of companies.
Kodak is preparing also to sell 1100 patents, 10% of his considerable patent portfolio which might be sold at least $ญญ2 billion or $ญญ3 billion, or substantially higher, Google bought the Motorola Mobility patent portfolio for $ญญ12.5 billion.
12/14/2011