Nearly Half Of Leica Sold Off To Blackstone Group For Rumored $179 Million

Comparing Leica and Kodak is an interesting exercise. While they're not the same by any stretch of the imagination, both rode the wave of photography throughout the 20th century and, come the age of digital imaging, both stumbled. Kodak is starting to leverage its IP and Leica has found a new prosperity in its high-end digitals. But Kodak is still in its crisis period and Leica appears to be well past. So much so that they're selling nearly half of the company in order to make a big push in emerging markets. What use "emerging markets" have for $5000 cameras, clearly Leica knows better than I.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/CkwWzdLAmiQ/

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