Shutterfly 2008 Annual Report Download - page 41

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stock consideration of approximately $4.0 million. This transaction closed on January 4, 2008 and that amount was paid on that date. As part of our June 2007 acquisition of
Make It About Me! (“MIAM”),
we agreed to make additional earnout payments if certain milestones are achieved over the next 12 months. As of December 31, 2007, the total
potential earnout payment is $0.4 million.
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