A source has informed TechCrunch that Shutterfly is going acquire ThisLife, an awesome photo sharing and storage web service. While the deal isn’t complete yet, it’s rumored that the price will be around $25 million.

We reviewed ThisLife earlier last month and were really impressed with the product, it’s easy to see why Shutterfly would be interested in such an amazing team and service.

We’ll keep you posted as we hear more.

Update: It’s a done deal. Shutterfly has acquired ThisLife.

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