Shutterfly Inc. (NASDAQ:SFLY) recently inked an agreement with Eastman Kodak Company to purchase certain assets of its Kodak Gallery online photo services business for $23.8 million. The agreement comprises the initial, stalking horse bid to maximize the value of assets as part of a bankruptcy court-approved auction process.
The Kodak Gallery allows users to store and share their photos online and create custom printed photo books, cards and albums. The service, originally called Ofoto, was acquired … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards