Announced
Financials
Tags
Single Bidder
Private
Domestic
Pending
United States
graphic designing
photo editing
online platform
Online and Social Platforms
Acquisition
Majority
Friendly
Synopsis
Shutterstock, a provider of stock photography, agreed to acquire PicMonkey, an online photo editing and design service, for $110m. "Content is at the core of Shutterstock's offering, and selecting an asset is just one step of the creative process. A key element of Shutterstock's strategy and vision is providing a suite of solutions for the entire creative journey, regardless of experience or expertise level," Stan Pavlovsky, Shutterstock CEO.
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