Analysis: Gauging the impact of the new Shutterfly-Snapfish merger deal
The breaking news this week wasn’t that Apollo Global Management announced $2.7 billion all-cash deal to acquire Shutterfly Inc.; that had been telegraphed for some time. Shutterfly’s board had set up an exploratory committee to make this happen (although it wasn’t the first time). Nor was it the announcement the company found a new president and CEO in Ryan O’Hara, an experienced executive. Again, current president Christopher North had already announced his plans to relocate back to England. No surprise there.