Skip to content
Subscriber Only

Silver Lake Said to Shelve Bid for Shutterfly, Snapfish

Updated on

Silver Lake Management LLC has shelved an attempt to acquire and combine photo-sharing sites Shutterfly Inc. and Snapfish, after it failed to reach a deal by yesterday’s deadline, a person with knowledge of the matter said.

Silver Lake, the biggest technology-focused buyout firm, decided against buying Snapfish from Hewlett-Packard Co. after performing due diligence, the person said, asking not to be identified because the information is private.