Posts Tagged ‘buyout’

Reports Indicate Shutterfly is Looking for a Potential Buyer

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Yesterday, Bloomberg reported that Redwood City-based photo publishing service Shutterfly is looking to sell itself off. Currently in talks with the investment bank Qatalyst Partners to find a buyer, the report explains that these are only preliminary talks and are no guarantee any transaction will go through. 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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Photography Portfolio Website Zenfolio Acquired by Art.com

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Art.com is “the world’s largest online specialty retailer of high-end wall art.” Zenfolio offers “online photography presentation and sales solutions for professional photographers and enthusiasts.” Knowing that, Zenfolio’s acquisition by Art.com announced earlier seems like a match made in sales heaven. Read more…

Zuckerberg Flew Solo – Lowered Instagram Asking Price by $1 Billion

A couple of weeks ago, Facebook took everybody by surprise when they acquired Instagram; the massively popular — though not yet profitable — photo-sharing application. A few days ago we learned that they may have only just beat Twitter to the punch. Now rumors are flying about that Mark Zuckerberg not only acted on his own — without the Facebook board’s knowledge — but managed to lower Instagram CEO Kevin Systrom’s asking price from $2 billion to the reported $1 billion that Facebook shelled out. 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]

MIOPS: Smartphone Controllable High Speed Camera Trigger

MIOPS is a new smartphone-controlled camera trigger that combines all of the features photographers want in a high-speed camera trigger into one convenient device.

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