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HP says to sell photo sharing service Snapfish

[NEW YORK] Hewlett-Packard Co said it would sell its web-based photo sharing service Snapfish to digital imaging company District Photo.

Financial terms of the deal were not disclosed.

HP, the world's No 2 PC maker, bought Snapfish for more than US$300 million in 2005 and made the company a part of its printing and personal systems group.

Reuters had reported in September that HP was exploring a sale of Snapfish.

HP said in October it would separate its computer and printer businesses from its corporate hardware and services operations this year.