Shutterfly Says No Rival Bids For Kodak Business

(Reuters) – Photo-sharing service Shutterfly Inc said there were no competing bids for Eastman Kodak Co’s online photo services business that Shutterfly is set to buy for $23.8 million.

Eastman agreed to sell the business to Shutterfly last month, kicking off the bankrupt photography pioneer’s relaunch as a slimmer company.

The companies plan to close the deal following final approval by the bankruptcy court, Shutterfly said in a statement on Wednesday.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Don Sebastian)

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