Kodak is poised to sign a $250 million deal to buy Wang Laboratories? document imaging business, but is prevented from finalising the acquisition by uncertainty over the future of Wang?s agreement with Microsoft.
Microsoft owns 10 per cent of Wang, whose document imaging software is available on Windows 95. According to US reports, Kodak wants assurances that it can continue with the relationship.
Wang is keen to finalise the acquisition before its second quarter figures are posted on Wednesday. The two companies have been in talks since October and have delayed announcing a deal three times already.
Kodak already OEMs Wang?s imaging, workflow and computer output to laser disk (Cold) software.
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