Polaroid Sale Redux

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Polaroid Sale Redux

About a week ago, I mentioned the sale of troubled Polaroid Corp. to Patriarch Partners.

Well, I shoulda waited.

A judge threw out the sale, and requested new bid, calling the original process "flawed." The new new owner - at least for the moment - is a joint venture between two US liquidators who plan to license Polaroid's name to third parties.

Patriarch plans to appeal the decision.

Stay tuned...

   

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Patricia Walters-Fischer