Shutterfly May Say Cheese for PE: Chart of the Day
Shutterfly is getting interest from private equity bidders that might like to buy the company.
Shutterfly has been slowing down on public markets after a successful IPO, and now the photo sharing and storage service is getting interest from private equity bidders that might like to buy the company. The stock is down over the last 12 months, but shot up on an exclusive report from The Deal that PE firms including TPG could look to buy it. There are also strategics on the mix, and other bidders in the hunt looking for buys, like Google, which bought photo analysis company Jetpac over the weekend. Bids could top $2 billion for Shutterfly, and it's TheStreet's Chart of the Day.
