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If a picture is worth a thousand words, then one word can be worth millions. That word is Polaroid. One Equity Partners, the private equity investor that acquired Polaroid Corp.'s assets out of bankruptcy in 2002, knew that the iconic name would someday be worth something to someone. Two and a half years later, Petters Group Worldwide LLC, the Minneapolis product development company that had been licensing the name, decided to put down $426 million for the right to own it.
July 27, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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