Reuters: Shutterfly Could Be Acquired for $2B by Private Equity Firm Silver Lake
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Private equity firm Silver Lake is in advanced talks to acquire online photo-sharing service Shutterfly Inc. for at least $2 billion, people familiar with the matter said on Monday.
Silver Lake has outbid other buyout firms in an auction for Shutterfly and is now negotiating the terms of an acquisition, the sources said. They cautioned that the talks might not lead to a deal, given Shutterfly's high expectations for a sale price.
Silver Lake is in discussions to pay more than $50 per share for Shutterfly, although the deal price is not yet final, one of the sources said.
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