Photobook Firm Shutterfly Acquires Tiny Prints for $141 Million | Digital Media Wire

Redwood City, Calif. - Shutterfly, the operator of a digital photobook publishing service, announced on Tuesday that it has acquired Tiny Prints, which offers on-demand printing of cards, invitations, stationery and photobooks.

Under the terms, Shutterfly will pay $141 million in cash and 3.9 million shares for Sunnyvale, Calif.-based Tiny Prints.

Tiny Prints stockholders will own approximately 12% of the pro forma combined company.

Founded in 1999, Shutterfly said it expects to generated $53-$55 million in revenues for its quarter ending March 31, and a loss of $1-$2 million, up from previous guidance of $52-$53 million.

 

Related Links:
http://www.shutterfly.com

http://www.tinyprints.com

Published in DMW Daily, March 22, 2011

• Previous story: Report: Conde Nast Ponders Spin-Off of Social News Site Reddit
• Next story: Digital Ad Firm SocialVibe Secures $20 Million

via dmwmedia.com

Great !!

Posted via email from jg2010's posterous