Shutterfly--the massive online retailer of personalized photo-based products such as calendars and photo books--has announced plans to acquire Lifetouch, a professional photography company. The acquisition, which isn't yet finalized, will cost Shutterfly $825 million according to Star Tribune, who broke the news. Speaking about the business deal to Star Tribune, Lifetouch CEO Michael Meek revealed that the company's growth hasn't been sufficient enough to generate the cash needed for new tech in...
Shutterfly--the massive online retailer of personalized photo-based products such as calendars and photo books--has announced plans to acquire Lifetouch, a professional photography company. The acquisition, which isn't yet finalized, will cost Shutterfly $825 million according to Star Tribune, who broke the news. Speaking about the business deal to Star Tribune, Lifetouch CEO Michael Meek revealed that the company's growth hasn't been sufficient enough to generate the cash needed for new tech in...
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