Kodak has reached an agreement with Brother for the proposed sale of certain assets of its Document Imaging business for a cash purchase price of approximately $210 million. Brother will assume deferred service revenue liability of the business, which totaled approximately $67 million as of December 31, 2012.
Kodak’s Document Imaging business provides a portfolio of scanners, capture software and services to enterprise customers. The transaction is subjected to customary closing conditions.
[Image courtesy: Kodak]