HP is looking to sell off its online photo sharing service Snapfish

Hewlett Packard purchased online photo sharing service Snapfish back in 2005 for over $300 million. The service is currently part and parcel of HP’s printing and personal systems group but if a report is to be believed its time at HP might be limited. The company is reportedly exploring a sale of Snapfish. HP is said to have held talks about a sale with multiple industry buyers and private equity groups.

Hewlett-Packard Co is exploring the sale of its Web-based photo sharing service Snapfish, and has held discussions with multiple private equity and industry buyers, a person with knowledge of the situation said. Snapfish, which HP bought for more than $300 million in 2005 and currently sits within its printing and personal systems group, is considered non-core for the company, the person said, asking not to be named because the matter is not public. A spokesman for HP declined to comment. Last year, HP replaced the printing and personal business’ long-time head Todd Bradley with former Lenovo executive Dion Weisler. Bradley has since left the technology company, to join Tibco Software Inc as its president.


Categorized as Technology

By Jesseb Shiloh

+Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

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