Posts Tagged ‘stock’

Instagram Acquisition by Facebook Now Only Worth Around $700 Million

Businessmen around the world are watching Facebook’s plummeting stock closely, but perhaps none more so than the folks over at Instagram. The world was shocked back in April when Facebook agreed to purchase the tiny startup for $1 billion, but one key fact is that the price was to be paid in a mixture of cash and stock. Due to the decline of FB stock, hundreds of millions of dollars have been wiped from the purchase price, which is currently valued at somewhere between $700 and $800 million.
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Getty Images Acquired for $3.3 Billion by Private Equity Firm

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.
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Getty Images Changes Watermark from Annoying Logo to Useful Shortlink

Wanting to shed its image of being “old media” and “old fashioned”, Getty Images has unveiled a new watermark that does away with the annoying logo in favor of short links. Rather than plaster the words “Getty Images” across the front of photos, the new watermark is actually useful: it provides a short link that directs viewers to the webpage for that particular image and also gives credit to the creator of the work. Inspired by the plaques found at exhibitions, the new watermark is offset to the side rather than smack dab in the middle.
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Shutterstock Files for IPO, Reveals Its Internal Facts and Figures

This past Monday, stock photography behemoth Shutterstock filed documents with the SEC to have an IPO and list its shares on the New York Stock Exchange. The process requires Shutterstock to reveal its financial details, so the document provides an interesting look at how the company ticks and the state of the stock photography industry.
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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.
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Fake People Suck: Citizen Stock Invites Real People Back Into Stock Photos

“Fake People Suck” — now that’s a tagline. In 2009 David Katzenstein and Sherrie Nickol began a fine arts project that involved asking people off the street to come to their studio and photographing them against a white background. The idea was to capture the striking diversity that’s commonplace in New York. But after photographing about 50 people — and due also to a steady drop in commissions from commercial and corporate projects — they realized the potential the project had as a commercial venture. Thus was born Citizen Stock.
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A Look At Yuri Arcurs’ Microstock Empire

German broadcaster Deutsche Welle produced this interesting segment on photographer Yuri Arcurs and how he turned his microstock photography into a million-dollar photography empire. Here’s a mind-boggling statistic: on average, Arcurs sells one of his images every 8 seconds.

(via ISO 1200)

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

Kodak Threatened with Stock Delisting as It Prepares to File for Bankruptcy

Kodak was warned by the New York Stock Exchange yesterday that its stock will be delisted if its price remains under $1 for the next six months. The stock has had an average closing price of below $1 for over 30 consecutive days now, and is no longer compliant with the NYSE’s requirement for minimum share price. Sadly, the company might not last another six months: the Wall Street Journal reported today that the company is now preparing to file for bankruptcy, which will likely happen in the coming weeks unless the company succeeds in its efforts to sell its 1,100 digital imaging patents. The revelation added insult to injury as the stock price plummeted another 28% today.


Image credit: NYSE by brian glanz

Olympus Continues Freefall: Rumors of ‘Underworld Links’ and FBI Involvement

More news from the ongoing Olympus scandal: despite an official explanation issued by Olympus last week, the company’s stock has continued to plummet. It closed today at ¥1,099, down from around ¥2,500 before the crisis began. Investors are apparently spooked after a major Japanese newspaper suggested that the payments at the center of the controversy could have links to the criminal underworld (something the company has denied). The New York Times is reporting that the FBI is now involved in the investigation.

Bloomberg writes that Olympus’ stock price makes it an attractive option for a potential acquisition: the current price pegs Olympus’ market value at $3.85 billion, even though its medical-equipment business alone is worth $7.8 billion.


Image credit: Olympus E-510 test by idua_japan