Mergers & Acquisitions
Mar. 23, 2011
MoFo Advises Shutterfly on Buy
Morrison & Foerster LLP is advising Internet publishing service Shutterfly Inc. in its $333 million acquisition of Sunnyvale-based Tiny Prints Inc.
The cash and stock deal, expected to close in 30 to 60 days, would pay $141 million in cash to the privately held Tiny Prints, an Internet-based stationary company. Tiny Prints will also receive approximately 3.9 million shares of Shutterfly common stock. Tiny Print's three co-founders and the rest of their t...
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