Industry News: Shutterfly to Merge with Snapfish in $2.7B Acquisition
Private equity firm Apollo Global Management LLC has announced that it is acquiring the digital imaging company Shutterfly Inc for $2.7 billion, including the company’s $900 million debt. Apollo also announced it would acquire privately held Snapfish LLC, an internet-based retailer of photography products, to merge it with Shutterfly, notes …
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