Company Eastman Kodak Co.. announced would sell his photo sensor business at Platinum Equity. This agreement comes after Kodak is trying to raise funds amounting to USD 500 million for the continuation of the company.
As part of this agreement, Platinum Equity became the new owner of the research and manufacturing facilities covering an area of 263,000 feet Kodak in Rochester New York. Kodak spokesman also said that as many as 200 workers and a number of contractors they were offered a job by Platinum.
On the value of the deal, but it is expected that rains Platinum money of USD 100-USD 200 million. The sale is a big decision by the company engaged in the photos for hundreds of years.
Division of image sensor business Kodak has helped develop a prototype of their first digital camera. Was said by Rafferty Capital Markets analyst, Mark Kaufman that the unit was very profitable for Kodak.
'Sacrifice' made by Kodak is done because the company was in the gulf crisis. From the fundraising efforts of USD 500 million, Kodak expects them to collect money as much as $ 200 million from the sale of its assets.
Predicted by analysts from Moody's credit agency that Kodak will run out of money in the year 2012 if they do not receive an injection of funds. Kodak shares rose 6% own direct sales business after the deal done image sensor.