American private equity firm Carlyle Group announced today that it has agreed to drop $3.3 billion to acquire Getty Images from private equity firm Hellman & Friedman. H&F purchased Getty Images just four years ago for $2.4 billion, so it seems that the stock photo company is doing decently well.
It seems like every month another company is acquired by Facebook; be it Instagram, Lightbox or now Face.com, it’s clear that Facebook is looking to make some serious improvements on the photo side of things, and we certainly won’t complain about that. Face.com’s facial recognition IP has been very well-received so it’s no surprise the people over at
Zuckerberg Corp Facebook have decided to snatch up the Israeli-based startup before anybody else does. Read more…
Scalado is a big name in imaging, having come up with some pretty phenomenal ideas like the Rewind and Remove apps — the first of which made a big splash when it was demoed as part of RIM’s BlackBerry 10. And now it seems someone is finally trying to move in and steal Scalado all for themselves: Nokia. Read more…
In a recent interview with Fujifilm CEO Shigetaka Komori, German newspaper Frankfurter Allgemeine dived into some pretty intense financial conversation. Much of what was said didn’t pertain directly to photography — discussions about Fuji’s involvement in the medical field and cosmetics for instance — but certain parts of the interview were very interesting indeed. Read more…
Just over a month after making headlines with their $1 billion Instagram acquisition, Facebook have now made another power move towards their now obvious goal of
interstellar domination photo-sharing supremacy. This time their target was the seven-person team behind the popular Android photo sharing app Lightbox. Unlike with Instagram, Facebook isn’t acquiring the company; instead they’re simply absorbing the Lightbox Team. According to their blog, Lightbox is no longer accepting sign-ups and all current users now have until June 15th to download their photos by following this link.
(via Lightbox via Engadget)
For those of us who remember it, Flickr was once an amazing place. More than just a website or a bucket of features, it was a vibrant community made up by professional photographers and amateur photo junkies alike. Before Facebook would even allow you to upload anything more than a profile picture, Flickr was the place you went to share your life in pictures. And then, at least according to an article on Gizmodo, Yahoo! happened. Read more…
After narrowly missing the opportunity to acquire Instagram, it seems that Twitter was eager to try again; this time with one of the most popular paid camera apps, Camera+. Apparently, Twitter co-founder Jack Dorsey actually met with tap tap tap — the makers of Camera+ — to discuss an acquisition shortly after news of Facebook’s Instagram acquisition broke.
This news comes just two weeks after Twitter CEO Dick Costolo told the press that they would not be trying to acquire an Instagram competitor. It’s all the same, however, because negotiations didn’t end up leading to a purchase or even an offer. The main reason for the breakdown in negotiations was apparently location: Camera+ employees are located all over the world and were reluctant to relocate to San Francisco.
(via Bloomberg and MacWorld)
Early last month we reported that Shutterfly had agreed to buy Kodak Gallery for a meager $23.8 million. The process, done by way of a “stalking horse bid,” meant that another company was allowed to make a competing bid for the gallery by April 20th.
Facebook may have been the victor in the race to acquire Instagram, but it wasn’t the only runner. The New York Times writes that Twitter had been interested in snatching up the service in the months leading up to the $1 billion buyout.
Mr. Systrom may have lost one connection in the deal: Mr. Dorsey of Twitter. His company, according to several people briefed on the matter, had expressed interest in buying Instagram in recent months. Mr. Dorsey once used Instagram daily to send photos to Twitter, but he has not been back since the deal was announced, perhaps a sign that he is not happy to see it in the hands of a competitor. A Twitter spokeswoman declined to comment.
Here’s a crazy fact: in the 10 days after launching for Android, Instagram’s member count skyrocketed from 30 million to 40 million — a million new users each day. Rob Haggart writes that Instagram joins the Kodak Brownie as the next great photography disruptor.
Image credit: Facebook koopt Instagram. by Stijn Vogels
When it was announced that Facebook would be acquiring Instagram back on Monday, the web balked at the $1 billion price tag and started shouting “bubble”. Is it really indicative of another tech bubble, or was it a smart move on Zuckerberg’s part? Andy Baio — the founder of Upcoming.org, which was purchased by Yahoo — has written up an interesting article over at Wired that takes a look at the numbers. For a billion bucks, Facebook snagged a startup with a whopping 35 million users and just 13 employees. This means that Instagram had a relatively cheap cost-per-user price and a ridiculously high cost-per-employee price.
Instagram’s Buyout: No Bubble to See Here [Wired]