Press Releases

SHUTTERFLY, INC. AGREES TO BE ACQUIRED BY CERTAIN FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT IN AN ALL-CASH TRANSACTION WITH AN ENTERPRISE VALUE OF $2.7 BILLION

June 10, 2019

Shutterfly, Inc. (Nasdaq: SFLY) (“Shutterfly” or the “Company”), a leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced that it has entered into a definitive agreement with affiliates of certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO), a leading global alternative investment manager, pursuant to which the Apollo Funds will acquire all the outstanding shares of Shutterfly for $51.00 per share in cash, or enterprise value of approximately $2.7 billion.

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Shutterfly Inc. Names Ryan O’Hara President and Chief Executive Officer

Shutterfly, Inc. (NASDAQ:SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced the appointment of Ryan O’Hara as President and Chief Executive Officer, effective June 24, 2019. When Ryan joins the company, he will simultaneously be appointed to serve as a director on the Shutterfly Board of Directors.

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Shutterfly, Inc. Announces Formation of Strategic Review Committee

February 5, 2019

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Feb. 5, 2019– Shutterfly, Inc. (NASDAQ:SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced that its Board of Directors has formed a Strategic Review Committee and retained Morgan Stanley as financial advisor, as it continues an ongoing review of strategic alternatives. Continue … Continue reading “Shutterfly, Inc. Announces Formation of Strategic Review Committee”

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SHUTTERFLY, INC. ANNOUNCES CEO TRANSITION

President and CEO Christopher North to Remain through August 2019 to Facilitate Transition REDWOOD CITY, Calif.–(BUSINESS WIRE)–Feb. 5, 2019– Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, announced today that Christopher North, President and CEO, will be stepping down from his leadership and Director roles at the Company at … Continue reading “SHUTTERFLY, INC. ANNOUNCES CEO TRANSITION”

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SHUTTERFLY FUNDS WILDFIRE DISASTER RELIEF AND HELPS FAMILIES REBUILD LOST MEMORIES

November 27, 2018

Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer dedicated to helping families capture, preserve and share life’s important moments, today announced efforts to support disaster relief in the wake of California wildfires, as well committing to help families rebuild precious memories lost in the fires.

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Shutterfly Inc. Names Mickey Mericle Senior Vice President and Chief Marketing Officer

October 2, 2018

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Oct. 2, 2018– Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced the appointment of Mickey Mericle as Senior Vice President and Chief Marketing Officer. Continue reading … “Shutterfly Inc. Names Mickey Mericle Senior Vice President and Chief Marketing … Continue reading “Shutterfly Inc. Names Mickey Mericle Senior Vice President and Chief Marketing Officer”

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Shutterfly Launches Two New Categories: Kids and Pets

July 9, 2018

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Jul. 9, 2018– Shutterfly Inc. (NASDAQ:SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, announced today the launch of two new categories: Kids and Pets. Now kids, pets and their parents can show their personality with an inspiring range of customizable products. Continue reading … “Shutterfly Launches Two … Continue reading “Shutterfly Launches Two New Categories: Kids and Pets”

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Shutterfly Goes All-In on AWS

April 4, 2018

Leading online retailer and manufacturer of high-quality personalized products and services taps AWS to accelerate its cloud-first transformation and deliver its next-generation platform SEATTLE–(BUSINESS WIRE)–Apr. 4, 2018– Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Shutterfly, Inc. Continue reading … “Shutterfly Goes All-In on AWS”

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Shutterfly Inc. Closes Transformational Acquisition of Lifetouch

April 2, 2018

Company Issues $825M Term Loan B to Finance AcquisitionUpdated Credit Ratings Maintain Ba3/BB- Rating REDWOOD CITY, Calif.–(BUSINESS WIRE)–Apr. 2, 2018– Shutterfly (NASDAQ: SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. Continue reading … … Continue reading “Shutterfly Inc. Closes Transformational Acquisition of Lifetouch”

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