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Shutterfly expects the acquisition to result in approximately $935 million of additional net revenues.
April 4, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Shutterfly announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an $825 million incremental term loan facility, which closed simultaneous with the acquisition. “We are thrilled to welcome Lifetouch to the Shutterfly family, and are excited to bring together two undisputed leaders in adjacent verticals, both of which have the common mission of helping customers share life...
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