Facebook has just acquired the massive GIF library and creation platform Giphy, with plans to integrate the service more fully into Instagram. The purchase reportedly cost Facebook $400 million, though terms were not officially disclosed.
After word of Tetenal's financial difficulties emerged in late 2018, the photochemistry giant announced in January 2019 that it would be closing shop after 172 years. But an employee-led management buyout offer has now been accepted, allowing the business to live on.
The parent company of The Knot has agreed to a $933 million deal to merge with WeddingWire, creating a juggernaut of a company in the US wedding industry.
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.
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.
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.
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.
Facebook may have been the victor in the race to acquire Instagram, but it wasn’t the only runner.
When it was announced that Facebook would be acquiring Instagram back on Monday, the web balked at …