M&A Deal Summary

Shutterstock Acquires GIPHY

On May 23, 2023, Shutterstock acquired digital media company GIPHY from Facebook for 53M USD

Acquisition Highlights
  • This is Shutterstock’s 7th transaction in the Digital Media sector.
  • This is Shutterstock’s 3rd largest (disclosed) transaction.
  • This is Shutterstock’s 10th transaction in the United States.
  • This is Shutterstock’s 4th transaction in New York.

M&A Deal Summary
Date 2023-05-23
Target GIPHY
Sector Digital Media
Buyer(s) Shutterstock
Sellers(s) Facebook
Deal Type Divestiture
Deal Value 53M USD

Target

GIPHY

New York, New York, United States
website
GIPHY is a search engine that allows users to search, share and discover animated graphics on the internet. The content on GIPHY's website, app, and API includes the most popular GIFs on the web, along with content created by talented GIF artists and world-class brands. GIPHY was founded in 2013 and is based in New York City.

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Buyer(S) 1

Buyer

Shutterstock

New York, New York, United States

website

Category Company
Founded 2003
Sector Digital Media
Employees1,328
Revenue 828M USD (2022)
DESCRIPTION

Shutterstock is a provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world. Shutterstock was founded in 2003 and is based in New York, New York.

DEAL STATS #
Overall 14 of 16
Sector (Digital Media) 7 of 8
Type (Divestiture) 1 of 1
State (New York) 4 of 4
Country (United States) 10 of 10
Year (2023) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Splash News

Los Angeles, California, United States

Splash News is a provider of images, videos, and stories to top publishers across the globe. Splash has developed a loyal, expanding contributor network of over 4,000 photographers around the world, who upload over 20,000 assets each day. Splash News was founded in 1990 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Backgrid

London, United Kingdom

Backgrid provides celebrity news, that supply top media organizations with real-time content from the world's top photographers for more than three decades. Backgrid was founded in 2001 and is based in London, England.

Buy -

Seller(S) 1

SELLER

Facebook

Menlo Park, California, United States

website

Category Company
Founded 2004
Sector Internet Software and Services
Employees77,805
Revenue 117.9B USD (2021)
DESCRIPTION
Entrance to Facebook's corporate headquarters in Menlo Park, California.
Entrance to Facebook's corporate headquarters in Menlo Park, California.

Facebook is a social utility company that helps people communicate more efficiently with their friends, family and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-31 Luxexcel

Eindhoven, Netherlands

Luxexcel manufactures 3D-printed prescription lenses worldwide. The company enables partners to 3D print prescription lenses in volume, create better lenses, and integrate smart technology into lenses. The Luxexcel VisionPlatform includes a 3D printer, software, printing processes, and proprietary lens printing material which are combined to create high-quality lenses. Luxexcel was formed in 2009 and is based in Eindhoven, Netherlands.

Buy -
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