acquisition

DJI Has Acquired Hasselblad: Report

Back in November 2015, the Chinese camera drone company DJI announced that it had acquired a minority stake in the legendary Swedish camera brand Hasselblad. The following July, the two companies teamed up to launch a monster $4,599 medium format drone. According to a new report, DJI has since acquired Hasselblad by becoming the majority owner.

Not a ‘Sell Out’: Casey Neistat Explains Why He Sold Beme to CNN

The news that Casey Neistat and his team at Beme was going to be joining CNN to do ... something? ... and that this acquisition cost CNN a reported $25 million has been met with mixed reactions. Here to set the record straight on a few FAQs about the deal is Neistat himself.

Ricoh Acquires Eyefi’s Cloud Service

Ricoh has announced that it's acquiring Eyefi's Cloud service, the photo hosting product that was launched in April 2014. Eyefi will continue to own and sell its Wi-Fi-enabled SD memory cards, now called the Mobi Pro, which it has long been known for.

Calumet and Bowens Acquired: New Owner Plans New Stores

The European investment group AURELIUS announced today that it has acquired Calumet Photographic and Bowens Lighting, two well known brands in the world of photography. The sale will allow Calumet to expand its retail stores in new cities in Europe.

It Looks Like Flickr is Now For Sale

It's looking more and more like Flickr will soon find itself under the control of a new owner. It's no secret that its parent company, Yahoo, has been struggling as of late, and now the latest word is that Yahoo is on the auction block and taking offers for its businesses.

Corbis Images Sold by Bill Gates to Visual China Group

One of the largest photo collections in the world was just sold. Corbis, which is owned by Bill Gates, has sold off its images business to Visual China Group, China's equivalent of Getty Images. VCG is the same company that led a $13 million investment in 500px in 2015, and which is partnering with 500px to expand into China.

Yahoo May Sell Flickr and Its Core Internet Business

Flickr could soon find itself with a new owner. Yahoo is reportedly considering a sale of its struggling core Internet business, in which the photo sharing service Flickr -- acquired back in 2005 for around $25 million -- is just a small piece of the pie.

Canon Tried to Buy Sigma and Was Rejected: Report

Sigma's reputation has skyrocketed in recent times after the introduction of its highly regarded Art series of lenses for a number of mounts. It looks like the success has attracted the attention of at least one major suitor.

Canon reportedly tried to acquire Sigma recently, but had its offer rejected because Sigma hopes to continue its growth as an independent company.

Eyefi Acquires OKDOTHIS and Leaps Into the World of Photo Sharing Apps

Eyefi is best known for its Wi-Fi-capable memory cards that allow photos to be beamed to computers and mobile devices directly from cameras. Wi-Fi is appearing as a built-in feature in more and more cameras, though, and Eyefi has been pivoting its business in recent days.

Today the company jumped into the world of mobile apps by announcing that it has acquired OKDOTHIS, the photography inspiration app and community that was created in 2012 by photographer Jeremy Cowart and the Nashville-based app startup Aloompa.

SanDisk Acquired by Western Digital for $19 Billion

SanDisk just succeeded in its mission to get bought out. Hard drive maker Western Digital announced today that it has agreed to acquire SanDisk in a deal worth about $19 billion in cash and stock. If all goes well, the deal will close in the third quarter or 2016.

It Lives: Photoflex Acquired by PromarkBRANDS

Back in April, the lighting company Photoflex unexpectedly announced that it would be closing shop after 30 years in the business, to the disappointment of many. Later that month, the struggling company revealed that it was working on a deal to allow the brand to live on. They succeeded.

Photoflex announced yesterday that it has been acquired by the lighting company PromarkBRANDS. Terms of the deal were not disclosed.

Nikon Expanding Into Medical Devices with $400M Acquisition of Retinal Imaging Firm

Last year Nikon announced that it had set aside $1.96 billion for mergers and acquisitions into new industries in order to diversity from the camera industry that had grown the 98-year-old company to greatness.

The Japanese company is now using a portion of that cash pile on its first major expansion purchase: a £259M (~$400M) acquisition of the Scottish retinal imaging firm Optos.