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Shutterfly to buy photography company Lifetouch for $825 mln

Jan 30 (Reuters) - Online retailer Shutterfly Inc said on Tuesday it would buy privately-held photography company Lifetouch for $825 million in cash.

Shares of Shutterfly were up 15.3 percent at $61.5 in extended trading.

The company said the acquisition is estimated to add about $935 million to its revenue and about $100 million to its adjusted EBITDA in 12 months following the closure of the deal, which is expected in the second quarter. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)