Duh…one of that, right? Makes sense…Shutterfly, among the only few independent big online photo sites left, is pursuing a sale or possible IPO, in a deal that could be worth $400 million to $500 million, the story says. Shutterfly is one of the industry’s earliest digital photo sites and one of its most popular. The firm was launched in 1999, funded partly by Silicon Valley investor Jim Clark, co-founder of Internet browser company Netscape.
The company’s EBITDA are estimated at around $20 million to $25 millionand at a sales price of 20 to 25 times Ebitda, that could create a sale of some $500 million, the story says citing sources.
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