Shutterstock, Inc. (NYSE:SSTK) Files An 8-K Other Events
Item 8.01
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Other Events.
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release announcing that the Company had entered into a definitive
agreement to which the Company, through its indirect wholly-owned
subsidiary, will acquire all of the outstanding shares of
FlashStock Technology, Inc., a Toronto-based company that enables
the creation of custom visual content through a proprietary
software platform, for approximately $50 million, subject to
customary adjustments. The acquisition will be funded through
existing cash on hand. The full text of the press release is
furnished as Exhibit 99.1 to this Form 8-K and is incorporated
herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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Shutterstock, Inc. ExhibitEX-99.1 2 exhibit991.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Shutterstock to Acquire Flashstock,…To view the full exhibit click here About Shutterstock, Inc. (NYSE:SSTK)
Shutterstock, Inc. (Shutterstock) is a global provider of creative content and commercial music. The Company’s creative content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content. Its commercial music consists of music tracks and sound, and is used to complement digital imagery. It also offers digital asset management services through WebDAM, its cloud-based digital asset management platform. This service provides tools for customers to manage creative content and brand management assets. Its global marketplace brings together users and contributors of creative content from around the world by providing a searchable collection of content. Its content offerings include Shutterstock, Bigstock, Offset, Shutterstock Music and Shutterstock Editorial.