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Silver Lake Partners LP and Bain Capital LLC are among the buyout firms vying to acquire Shutterfly Inc, an online photo-sharing services provider with a market value of $2 billion, according to people familiar with the matter. Silver Lake and Bain have progressed to the second round in the auction for Shutterfly and are considering whether to submit binding offers in the next few weeks, the people said this week. Shutterfly shares were trading up 2.4 percent at $51.5 on the news in late morning trading on Wednesday. The price of the possible offers could not be learned but the people said private equity firms may borrow more than seven times Shutterfly’s earnings before interest, tax, depreciation and amortization (EBITDA) in a leveraged buyout.