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Shutterfly Said to Hire Qatalyst to Seek Buyers for Site

Shutterfly Inc., which turns digital photos into printed albums, is working with boutique investment bank Qatalyst Partners LLC to find buyers for the company, according to people familiar with the matter.

Preparations are at an early stage and may not lead to a transaction, the people said, asking not to be identified discussing a private matter. Potential acquirers include private-equity firms as well as e-commerce and Web storage companies, they said.