StalkingHorse
Latest
Sears hopes to sell its home improvement business to Service.com
Bankrupt retailer Sears announced that it's seeking permission to sell its home improvement division to a key rival partly responsible for its downfall. Pending trustee approval, it will sell the business to Service.com, an Airbnb-like service that helps home owners find contractors, for $60 million. Sears Home Services is considered to be one of the retailer's more valuable assets, so the asking price shows how far the company -- which employed 302,000 people just a decade ago -- has fallen.
Kodak tentatively sells its scanning business to Brother for $210 million
Kodak as we once knew it has been shedding its identity piece by piece, and today it's selling off key elements of a more familiar cornerstone. The one-time photography legend has made an initial deal to offload assets of its Document Imaging division to Brother for $210 million through a stalking horse bid. If no one else makes a sweeter offer, Brother is likely to take partial control of Kodak's scanning hardware and software in an agreement that's expected to receive bankruptcy court approval by June. It's almost the end of an era for a company that's all too familiar with ending eras -- let's just hope it gets around to starting one of them in the near future.
