July 2 Online photo-printing service Shutterfly Inc has put itself up for sale and hired boutique investment bank Qatalyst Partners to find a buyer, Bloomberg reported, citing sources. (bloom.bg/1mTAcC6)
The company's shares were up 13 percent at $49.05 in premarket trading on Wednesday.
Shutterfly could not be immediately reached for comment. (Reporting by Supantha Mukherjee in Bangalore; Editing by Feroze Jamal)