Private equity firm preparing to acquire photo sharing and printing service Shutterfly

Private equity firm preparing to acquire photo sharing and printing service Shutterfly
According to sources, private equity firm Silver Lake is preparing to acquire online photo sharing and printing service Shutterfly for over $2 billion.

Shutterfly allows users to upload and share their photos, as well as use their uploaded photos to create customized books, cards, mugs, and much more. You can print your photos and have them mailed, as well.



Silver Lake is a massive $23 billion firm that specializes in tech acquisitions. It helped Michael Dell purchase back Dell, and also owns talent agency IMG Worldwide.

Shutterfly's main competitor is SnapFish, owned by HP but also allegedly up for sale.

Source:
Reuters


Written by: Andre Yoskowitz @ 23 Sep 2014 0:31
Tags
Shutterfly
Advertisement - News comments available below the ad
  • 1 comment
  • hearme0

    Shutterfly is awesome and a pioneer so I only hope that features are enhanced and price stays stagnant.

    Way better than Pikaboo

    25.9.2014 14:06 #1

© 2024 AfterDawn Oy

Hosted by
Powered by UpCloud