Shutterfly is privately owned by Apollo Global Management, which completed the acquisition in 2019. The deal took Shutterfly private and integrated it with related photography businesses under Apollo’s control.
Key points:
- Apollo Global Management bought Shutterfly in an all-cash transaction valued at about $2.7 billion, including debt, and subsequently took the company private.
- The acquisition also involved Snapfish, with plans to merge the two online photo services under Apollo’s ownership and управлять them as part of a broader portfolio.
- Since the deal closed in 2019, Shutterfly operates as a private company, with its governance and ownership concentrated within Apollo Global Management’s investment structure.
