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August 1, 2011 05:18 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KVMvUx1CAJw/
IncrediMail Buys Online Photo Album And Slideshow Creator Smilebox For Up To $40 Million
Nasdaq-listed IncrediMail, which develops and markets email and other desktop software products, is to acquire Smilebox, a U.S. company that develops consumer-focused photo sharing and scrapbook creation tools.Under the terms of the agreement, IncrediMail will pay $25 million, mostly in cash, with additional payments of up to $15 million in earn-out fees if certain milestones and performance based conditions are met.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KVMvUx1CAJw/
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