HP is considering selling off photo sharing service Snapfish. The company has already held discussions with multiple private equity and industry buyers, Reuters reports. Also Read - 89% gamers in India prefer PC gaming over mobile gaming: Reveals HP Gaming report
Snapfish was launched in 1999 by business partners Rajil Kapoor, Bala Parthasarathy, Suneet Wadhwa, and Shripati Acharya. HP paid $300 million in 2005 for the business, which operates out of its printing and personal systems unit. A person with knowledge of the situation told Reuters that Snapfish is considered a non-core unit of the Palo Alto-based company. Also Read - COMPUTEX 2021: Intel launches two new 11th Gen U-series processors
Snapfish claimed to have 40 million members and one billion digital pictures hosted on its platform till 2007. However, Snapfish stopped its image hosting service in 2008. In August 2013, Snapfish announced on their local website (and through a mailing to members) that they are shutting down the service in Belgium, India, Netherlands and Spain. Also Read - Laptop guide: 5 best laptops under Rs 30,000 you can get for work from home
Some parties interested in snapping up Snapfish have also shown interest in buying rival photo-sharing services provider Shutterfly. Redwood City-based Shutterfly in August reportedly received acquisition offers from Silver Lake, Bain Capital and Hellman & Friedman.
HP has not officially announced any plans to sell and no other details, such as who these potential buyers are or how much HP is looking for its service, is available currently.