Deals

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

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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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