Posts Tagged ‘acquisition’

Snapchat Quietly Acquired a Company That Makes Stealthy Camera Glasses

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Reporters all over the world are digging for nuggets in documents that were leaked in Sony’s hacking. Here’s one of the interesting finds: back in March, Snapchat secretly purchased a company that builds stealthy camera glasses.
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Adobe Acquires Stock Photo Service Fotolia for $800 Million in Cold Hard Cash

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Adobe has acquired stock photo giant Fotolia to add a serious stock photography and video marketplace to the Creative Cloud. The price it paid is roughly $800 million in cash.
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Yahoo! Acquires Photo App Maker Cooliris as It Continues to Focus on Improving Mobile

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Having a great mobile experience is key in a day and age when a huge chunk of the online experience is had on a smartphone screen, and Yahoo! is continuing its march towards a great mobile experience today by acquiring the photo app maker Cooliris. Read more…

Flickr Has Hired the Creator of PhotoDrive to Improve Organization & Interaction

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It was recently announced that PhotoDrive, a popular photo uploading service powered by Flickr, is getting shut down. The reason? According to the latest Flickr blog post, Yahoo! has hired Jeff Bargmann, the man behind the growing photo start-up, in an effort to add some more human talent to the Flickr team. Read more…

C&A Marketing Buys Out Calumet Brand, Bringing Back a Few Entities

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It came as quite a surprise to everyone – including their own employees – when Calumet camera stores went out of business quite literally overnight. As is to be expected in such a downfall, much of their capital has been sold off in hopes to gain back as much as possible. But, as much as anything else, the fall of Calumet has left people wondering what will happen to the brand that many photographers came to know and trust.
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Apple Acquires Startup SnappyLabs, Get Ready for Super Fast iPhone Photography

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Apple might be intent on making high-speed burst mode a ‘thing’ in future iPhone models, given that the Cupertino tech giant just acquired a one-man startup known for building an app that could push the iPhone to 20-30fps burst without sacrificing resolution. Read more…

Leica Acquires Swiss Large Format View Camera Manufacturer Sinar

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Leica began its takeover of Swiss view camera manufacturer Sinar all the way back in 2006, when the German company acquired a 51% stake in Sinar from Jenoptik. The real goal, however, was only truly achieved yesterday when both companies announced via press release that they had reached an acquisition deal. Read more…

Snapchat Supposedly Turned Down a $3 Billion Acquisition Offer from Facebook

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When Facebook spent the staggering amount of $1 billion on the Instagram acquisition, people the world over thought they were crazy for throwing that kind of money on an app that, at the time, hadn’t generated any revenue.

Well, that acquisition turned out pretty well for CEO Zuckerberg, who has since allegedly turned his sights on Snapchat, only to have an even more ludicrous offer spurned. How much more ludicrous, you ask? Apparently, Snapchat recently turned down a $3 billion offer from the social media giant. Read more…

Gear Rental Giant BorrowLenses Acquired by Photobook Giant Shutterfly

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Two of big names in the photography industry joined forces today as Shutterfly Inc announced its acquisition of premier photography and videography gear rental service BorrowLenses. Read more…

Yahoo! Snaps Up Startup IQ Engines, Will Improve Flickr Organization and Search

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Yahoo! certainly doesn’t shy away from acquiring companies it believes will help its cause. In some cases those acquisitions turn into long-term investments ala Flickr, in others the acquired company just sort of disappears.

The latest acquisition news out of the Yahoo! camp is that image-recognition startup IQ Engines is joining the Flickr team in order to help improve the organization and search features of the photo sharing site. Read more…