(Reuters) – Private equity firm Silver Lake failed to reach a deal to acquire and combine photo-sharing sites Shutterfly Inc and Snapfish by a deadline on Friday, Bloomberg reported, citing people familiar with the matter.
Silver Lake was in advanced talks to acquire Shutterfly for at least $2 billion, Reuters reported last month.
Bloomberg reported that Silver Lake is still open to returning to talks with Shutterfly.
Silver Lake has also decided against buying Hewlett-Packard Co’s Snapfish after performing due diligence, according to the report.
A Hewlett-Packard spokeswoman declined to comment on the report.