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Shutterfly Inc. said March 21 that it has entered into a definitive agreement to acquire Tiny Prints Inc., a privately held company that operates two e-commerce websites, tinyprints.com and weddingpaperdivas.com, that offer cards, invitations, personalized stationary and photo books.
The cash and stock transaction is valued at $333 million, Shutterfly said.
"Shutterfly and Tiny Prints share a common passion: providing customers with innovative, high quality premium products, stylish designs and exceptional customer service," Jeffrey Housenbold, president and CEO of Shutterfly, said in a news release. "Together, we will build on our portfolio of iconic brands and combine our passionate,...