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January 28, 1997updated 05 Sep 2016 1:09pm

WANG IMAGING SOFTWARE UNIT SALE TO KODAK SAID TO BE CLOSE

By CBR Staff Writer

Wang Laboratories Inc is close to selling its $50m-a-year imaging software unit to Eastman Kodak Co for about $200m, Network World believes. The paper, quoting unnamed sources, said the deal could be concluded any day now, about four months after the companies confirmed their mutual interest (CI No 3,013). The deal took so long to wrap up because of worries over tax implications, the loss of key personnel and Wang’s deal with Microsoft Corp to include its image viewer in Windows95, the magazine said. Wang would be left with a big third party maintenance operation and plenty of cash in the bank.

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