American private equity firm, Apollo Global Management (AGM) has agreed to acquire photo printing platforms Shutterfly and Snapfish. According to Reuters, AGM is set to purchase Shutterfly for US$2.7 billion, including US$900 million in debt. AGM also announced intentions to purchase Snapfish, another Internet-based retailer of photography products. And, apparently, it plans to merge them together.
Shutterfly is based in Redwood City, California and sells personalised consumer photography products such as photo books, greeting cards, stationery, calendars and the like. It was founded in 1999 and competes with similar online services such as Vistaprint and Snapfish – the latter of which is also to be acquired and merged with Shutterfly.
Last year, Shutterfly acquired the privately owned Lifetouch, a company which provides photography services to schools and families, for US$825 million in cash. There’s no word on what will happen with Lifetouch, so presumably, it’s business as usual for them.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Fortnite Returns to Apple’s U.S. App Store After Five-Year Ban
May 21, 2025 by
CPI
Federal Court to Hear Case on Trump’s Firing of FTC Democrats
May 20, 2025 by
CPI
UK Government Suffers Third Successive Defeat on Data (Use and Access) Bill
May 20, 2025 by
CPI
Sex Toy Retailer Says Google Breaches EU Digital Market Rules
May 20, 2025 by
CPI
Latham & Watkins Expands Brussels Antitrust Team
May 20, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 14, 2025 by
CPI
Healthcare & Antitrust: What to Expect in the New Trump Administration
May 14, 2025 by
Nana Wilberforce, John W O'Toole & Sarah Pugh
Patent Gaming and Disparagement: Commission Fines Teva For Improperly Protecting Its Blockbuster Medicine
May 14, 2025 by
Blaž Višnar, Boris Andrejaš, Apostolos Baltzopoulos, Rieke Kaup, Laura Nistor & Gianluca Vassallo
Strategic Alliances in the Pharma Sector: An EU Competition Law Perspective
May 14, 2025 by
Christian Ritz & Benedikt Weiss
Monopsony Power in the Hospital Labor Market
May 14, 2025 by
Kevin E. Pflum & Christian Salas