Posts Tagged ‘acquisition’

Fujifilm Considered Acquiring Leica and Olympus

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…

Facebook Acquires Lightbox Team on its Way to Photo Sharing Supremacy

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)

Yahoo! and the Decline and Fall of Flickr

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…

Twitter Tried to Acquire Camera+ After Missing Out On Instagram

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)

Shutterfly Stock Jumps As No Competing Bid for Kodak Gallery is Made

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.
Read more…

Twitter Wanted to Buy Instagram but Facebook Beat It to the Punch

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

Bubble? How Instagram’s $1 Billion Sale Compares to Past Tech Acquisitions

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]

Use a Red Dot Sight for Locating Subjects with Super Telephoto Lenses

Photo enthusiast Chris Malcolm needed a better way to aim his 500mm lens at fast moving subjects (e.g. birds in flight), so he upgraded his lens with a DIY sighting aid by attaching a non-magnified red dot sight:

They’re designed to clamp onto a gun sight wedge mount, so some kind of adapter is required. I played with the hot shoe mount, but it was too flexible — the sight needed re-zeroing at every mount, and was easily knocked out of calibration. The degree of precision required to aim the central focus sensor at the target via the dot also made parallax error a problem on the hot shoe. So I decided to mount it directly on the lens. Least parallax error, plus the geometry of the lens barrel and the sight mount naturally lines it up with the lens. To protect the lens barrel I glued the sight clamp to a cardboard tube slightly too small, slit open to provide a sprung grab on the lens body. The slit also handily accommodates the focus hold button on the lens barrel.

Malcolm reports that the site “works amazingly well”, making it “trivially easy to aim the lens at anything very quickly”.
Read more…

Shutterfly Agrees to Buy Kodak’s Online Photo Service for $23.8M

Back in November of last year, we reported that Kodak had put its Kodak Gallery service up for sale and was hoping to offload it for “hundreds of millions of dollars”. A couple months later Kodak filed for Chapter 11 bankruptcy, and now the company has finally found a buyer for the photo sharing and printing service: Shutterfly. The sale price? Only $23.8 million. If the sale gets approved by the US Bankruptcy Court in March, Kodak Gallery’s 75 million users will be transferred over to Shutterfly unless they opt out.

(via TechCrunch)

Sony Looking to Buy 20-30% of Olympus

Crippled by its recent financial scandal, Olympus is in need of a bailout and has been open to the idea of forming a strategic alliance with other companies. The latest news is that Sony is on the brink of acquiring a 20-30% stake in the beleaguered medical device and camera company, a sizable increase from the 0.03% it currently owns. The alliance would combine Sony’s expertise in making camera sensors with Olympus’ expertise in medical devices. Fujifilm has also been named as a company that’s interested in investing in Olympus, but Sony seems to currently be the clear front-runner.

(via Nikkei via 43 Rumors)


Image credit: EOS Bridge for NEX-5/NEX-3 by 246-You