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3 Firms Build Shutterstock's $245M Buy Of Creative Asset Co.

Law 360 M&A

Stock photography company Shutterstock Inc. on Thursday announced that it has agreed to buy digital creative asset and templates company Envato Pty Ltd. in a $245 million cash deal built by three firms.

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Meta Takes Big Loss In $53M Sale Of Giphy To Shutterstock

Law 360 M&A

Stock photography website Shutterstock Inc. on Tuesday agreed to purchase Giphy Inc. for $53 million from Meta Platforms Inc., which will take a big loss after purchasing the company in 2020 for $315 million.

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