Monday, January 10, 2005
Polaroid Being Acquired for $426 Million
Posted by James Fee in "NEWS" @ 08:00 AM
"The Polaroid Holding Company, owner of the camera brand that pioneered instant photography, said yesterday that it was being bought by the Petters Group Worldwide for about $426 million. A Polaroid spokesman, Skip Colcord, said Petters began licensing Polaroid's consumer electronic products like DVD players and plasma television in 2002."
Looks like the company that is producing all those Polaroid DVD players and TVs is going to buy the rest of the company. Maybe we'll see some more emphasis on the camera side, but then again do we need a digital instant camera?
Looks like the company that is producing all those Polaroid DVD players and TVs is going to buy the rest of the company. Maybe we'll see some more emphasis on the camera side, but then again do we need a digital instant camera?
