Photo service Shutterfly buys web site creator Nexo.com for under $15 million

Eric Eldon | January 6th, 2008

Online photo service Shutterfly has purchased create-your-own-web-site company Nexo.com in a deal the two companies say was for under $15 million.

Redwood City, Calif.-based Shutterfly will use Palo Alto, Calif.-based Nexo as an easy way for its users to share their photos together on the site, such as for this sample family’s site.

Nexo launched almost a year ago, with angel backing (our coverage).

Meanwhile, Shutterfly, a publicly traded company, has been having a rough time — its stock traded sharply down last week, amid concerns about a larger recession, as well as about a sharp price cut by competitor Snapfish.

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One Comment

  1. January 7th, 2008
    8:33 am

    why? said:

    why would this company get acquired for such a price? does not seem to have any business model, technology or market traction.. 15 million price is too high for this kind of play

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