Market Overview

Shutterfly Moves On Buyout Rumor


Shutterfly (NASDAQ: SFLY) is moving higher Wednesday following word of a dealReporter rumor of a potential buyout from the likes of Yahoo, Microsoft and Apple.

Shutterfly was previously mentioned to have received helped from Qatalyst Partners to assist in a sale of the company.

Topeka Capital Analyst Victor Anthony also mentioned that Amazon is a logical buyer because the companies are in the same space.

Shutterfly recently traded at $47.44, up 2.24 percent.

Posted-In: dealREPORTERNews Rumors


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