Shutterfly To Buy Kodak?s Online Photo Sharing Platform For $23.8M

After filing for bankruptcy, Kodak is announcing that it will be selling off parts of its online photo services business Kodak Gallery for $23.8 million. The buyer? Online photo sharing platform Shutterfly. Basically, the terms of the agreement include the transfer of all Gallery customer accounts and images in the U.S. and Canada to Shutterfly. Kodak Gallery allowed users to upload photos and create public or private albums that can be shared, as well as printed. According to the company, Kodak Gallery currently has 75 million users. Kodak says that it will give customers who do not want their photos transferred to Shutterfly the opportunity to opt out of the transition process.

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