- The WSJ reiterates the earlier Reuters report that Apollo Global Management (NYSE:APO) is nearing a Shutterfly (NASDAQ:SFLY) acquisition.
- The new report adds that Apollo would pay $51/share or about $1.7B for Shutterfly.
- The PE firm also wants to purchase Snapfish from District Photo with that deal contingent on Shutterfly closing.
- Shutterfly shares are up 0.3% to $50.40 after paring earlier gains before the close.
- Post updated to correct per share price in the second bullet.