merger

Unsplash is Being Acquired by Getty Images

Unsplash has announced that as of today it is being acquired by Getty Images. In a blog post, Unsplash's founder Mikael Cho says that it will continue to operate as a standalone brand inside of Getty and that the free content model won't be changing.

Fujifilm Takes Over Xerox in $6.1B Deal

Fujifilm just took over Xerox in a deal worth $6.1 billion that creates an $18 billion company. Fujifilm will have majority ownership and complete control over the American company best known for its photocopiers.

Report Claims Japanese Government is Asking Fuji to Buy a Stake in Nikon

This is going to be the strangest (and most controversial) piece of photo industry news you'll read today. According to a report published by the reputable Japanese magazine Sentaku, the Japanese government is trying to convince Fuji to 'help' Nikon by buying a stake in the troubled camera company.

Sony is Now the Largest Shareholder in Olympus

Sony has agreed to pour $645 million into Olympus in exchange for 11.5 percent of the embattled company, becoming the single largest shareholder. While the companies announced that they are considering cooperating in the digital camera industry, the main motivation for Sony wasn't photographic imaging but body imaging. Olympus is one of the major players in the medical endoscope market, holding about 70% of sales, and Sony's investment allows it to dip its toes into this lucrative industry.

Facebook’s Buyout of Instagram Finally Receives Government Green Light

Facebook agreed to buy Instagram for $1 billion back in April, but the deal has been in limbo over the past four months while the Federal Trade Commission gave the deal a long look-over. Both online companies got goods news today when the FTC announced that the investigation has been completed, and that the deal may "proceed as proposed."

The "as proposed" part is something that Instagram would probably love to change if it could. As we wrote a couple days ago, the fact that so much of the price was offered as shares of stock, coupled with Facebook's plummeting ticker symbol, means that the $1 billion deal is now only worth around $750 million.