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eCommerce - Tuesday, January 8, 2008

Shutterfly's Stock Under Pressure. Buys Nexo.

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Shutterfly's stock has been hammered after its rival HP's Snapfish unit decided to slash its prices. Today the company says that it has bought Palo Alto-based Nexo. Shutterfly said it paid less than $15M in cash and stock for Nexo which Nexo runs a service which for youth sports teams, families, and others to create custom web sites. Nexo doesn't have much traffic but it its software does seem ready for prime time and Shutterfly should be able to make it happen for Nexo or marketing heads should roll. It's the right fit for both companies.


Nexo Speaks at Demo - the Lindsay Lohan dig doesn't seem so funny

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