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Shutterfly was approached by several buyout firms over the years about a deal, including by Thomas H. Lee in 2016 and Silver Lake Partners LP in 2014, Reuters has previously reported. In February,
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The company is backed by private equity investors Silver Lake, which owns a 51% stake, and Softbank Group, which holds a 5% ownership stake. These investors will be able to cash in on the IPO, but.
Opinions are solely the writers’. Walt and Alex Breitinger are commodity futures brokers with Paragon Investments in Silver Lake, Kansas..