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Shutterfly and Snapfish Acquired by Private Equity Firm, to Merge

11 days ago   |   By Peta Pixel

The private equity firm Apollo Global Management has stuck deals to acquire both Shutterfly and Snapfish. It plans to merge the two photo product retailers to form an even larger combined business.
Reuters reports that Apollo has agreed to pay $2.7 billion for Shutterfly, including $900 million in debt held by the public company, which will be taken private in the deal. The Wall Street Journal reports that the deal for Snapfish, which is owned by the privately-held District Photo, is valued at about $300 million.
The deal combines two notable players in a competitive retail photo product...
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