Shutterstock to acquire PicMonkey for $110m.

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.