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Photo sharing service Smilebox sells for up to $40 million

Smilebox, the six-year-old Redmond company that lets users create electronic greetings with their photos and videos, has agreed to be sold to Tel Aviv, Israel-based IncrediMail Ltd. for up to $40 million. The deal includes $25 million in upfront cash, and another $15 million if certain milestones are met. No big changes are expected as… Read More