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Shutterfly hires investment firm to find buyers - Bloomberg

July 2 (Reuters) - Online photo-printing service Shutterfly Inc has put itself up for sale and hired boutique investment bank Qatalyst Partners to find a buyer, Bloomberg reported, citing sources. (http://bloom.bg/1mTAcC6)

The company's shares were up 13 percent at $49.05 in premarket trading on Wednesday.

Shutterfly could not be immediately reached for comment.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Feroze Jamal)