Shutterfly has acquired Tiny Prints, a company that online publishing company that sells cards, invitations, personalized stationery and photo books. The deal includes $141 million in cash, and approximately 3.9 million shares of Shutterfly common stock. In addition, Shutterfly will reserve approximately 1.4 million shares (valued currently at $60 million) of common stock as consideration for the… → Read More
Not that it should be a big surprise to anyone, but Radar, the social photo sharing site is entering the deadpool. An email sent out to users over the weekend confirms that May 26 at noon Pacific Time will be the end.
Just a few months after Shutterfly bought Tiny Pictures, they’re already busy pumping out new products. The first is Wink, an iPhone app and web app that allows you to easily turn your pictures into photobooth-esque strips of pictures.
They key to this app is that beyond your regular camera phone pictures, it gives you easy access to both your Facebook pictures (via Facebook Connect), and your… → Read More
After raising a total of $11.2 million since its founding in 2005, Tiny Pictures sold to Shutterfly on Friday for $1.3 million in cash and another $1.3 million in restricted stock to employees, which has some performance triggers. If you back out the earnout, investors only got back about a tenth of what they put in.
Those investors include Mohr Davidow, Draper Fisher Jurvetson, and angel… → Read More
Shutterfly, an online photo sharing and printing site, is adding video capability to its photo sharing sites. Shutterfly is using video hosting site Motionbox to power its video sharing service. So when you upload a video to your Shutterfly Share site, it will also be stored in your Motionbox account. If you upload to Motionbox directly, you will be given the option to post your video to your… → Read More
When I was looking at traffic numbers for the top photo sites this weekend, another stat caught my eye. Online photo editing site Picnik is also quickly climbing the ranks of photo sites from seemingly nowhere.
In January, according to comScore, the site attracted 6.6 million unique visitors worldwide, a tenfold increase from the year before. On comScore’s list of the largest photo sites… → Read More
Personally, I use Flickr for my photos and don’t even both with hard-copy anymore. But for those of us who still have a heart and use Shutterfly, you can now pick up your digital prints from your local Target. Today, Target and Shutterfly announced a partnership where you can order prints online for the rate of about 19 cents a photo. Pickup is said to only take about an hour, meaning you… → Read More
Online photo sharing and printing service Shutterfly raised $87 million in an IPO today, closing up 3.7% at $15.55 per share. VentureBeat points out that the price climbed as high as $16.73 at one point in the day. Born in 1999, Shutterfly is a survivor of the last bubble and crash. Now it’s an interesting case for considering other possible valuations. It also gives us a chance to look at… → Read More