News Briefs

Apollo-backed Shutterfly in talks to go public via merger with Altimar SPAC: WSJ

Shutterfly Inc, a photo products company backed by Apollo Global Management, is in talks to go public via a merger with Altimar Acquisition Corp. II, a blank check company, reported the Wall Street Journal.

By
Iris Dorbian
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Shutterfly Inc, a photo products company backed by Apollo Global Management, is in talks to go public via a merger with Altimar Acquisition Corp. II, a blank check company, reported the Wall Street Journal. The news outlet noted that the deal could put Shutterfly at a valuation between $4 billion and $5 billion.

Source: WSJ