American private equity firm, Apollo Global Management LLC (AGM), has agreed to acquire photo printing platforms Shutterfly and Snapfish. According to Reuters, AGM is set to purchase Shutterfly Inc for $2.7 billion, including $900 million in debt. AGM also announced intentions to purchase Snapfish LLC, another Internet-based retailer of photography products. And, apparently, they plan to merge them together.[Read More…]
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