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SFLY - Shutterfly acquires Spoonflower in $225M deal
Shutterfly Inc.
Shutterfly (SFLY) has acquired Spoonflower, a global marketplace connecting makers and consumers with artists worldwide, in an accretive acquisition for ~$225M of enterprise value.The acquisition will enhance Shutterfly's product portfolio.The transaction is expected to close in the third quarter of 2021. Spoonflower will retain its distinct brand, culture and team structure. Michael Jones will continue to lead Spoonflower.