January 30, 2018 / 9:26 PM / 4 months ago

Shutterfly to buy photography company Lifetouch for $825 mln

Jan 30 (Reuters) - Online retailer Shutterfly Inc said on Tuesday it would buy privately-held photography company Lifetouch for $825 million in cash.

Shares of Shutterfly were up 15.3 percent at $61.5 in extended trading.

The company said the acquisition is estimated to add about $935 million to its revenue and about $100 million to its adjusted EBITDA in 12 months following the closure of the deal, which is expected in the second quarter. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below