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On June 10, 2019, Apollo Global Management announced that it would acquire Shutterfly for $2.7 billion, as well as its competitor Snapfish in a separate transaction valued at around $300 million. Apollo plans to merge both companies into a single entity, with Snapfish parent company District Photo as a minority stakeholder. [19]
Snapfish is a web-based photo sharing and photo printing service owned by Shutterfly based in San Francisco, California. History [ edit ] Snapfish was launched in 1999 by business partners Rajil Kapoor, Bala Parthasarathy, [1] Suneet Wadhwa, and Shripati Acharya.
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