American private equity firm, Apollo Global Management LLC (AGM), has agreed to acquire photo printing platforms Shutterfly and Snapfish. According to Reuters, AGM is set to purchase Shutterfly Inc for $2.7 billion, including $900 million in debt. AGM also announced intentions to purchase Snapfish LLC, another Internet-based retailer of photography products. And, apparently, they plan to merge them together.[Read More…]
Syrp talks about the new app, the Vitec acquisition and what it means for customers
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Syrp has released a new app for iOS and Android to allow you to control your Syrp products from your mobile device. Addressing a number of issues with the original Syrp app, the new app offers a cleaner easy-to-use interface to increase workflow efficiency on location.
Syrp was also recently acquired by Vitec, which was something of a surprise. But it’s an acquisition that offers a lot of promise for both Syrp as a company as well as Syrp’s customers. DIYP spoke with Syrp at NAB 2019 to find out more about the new app, the acquisition and what benefits it provides for users of Syrp products as well as potential future customers around the world.
CEO resigns as Xerox scraps $6.1 billion sale to Fujifilm
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It was only February when it was announced that Fujifilm would be acquiring American-owned Xerox in a $6.1 billion deal. It seems that now, though, that deal is not going to happen, thanks to a couple of “activist investors”, reports the BBC. Carl Icahn and Darwin Deason own, between them, 15% of Xerox and had opposed the deal. They say it undervalued the company and trouble has been brewing ever since/
Six Xerox board members and CEO, Jeff Jacobson agreed to step down in a settlement deal reached just a couple of weeks ago. This caused a 3% drop in Xerox shares, following a court decision to temporarily halt the deal. Now, the BBC report that Xerox has officially ended the sale.
Chinese electronics giant Xiaomi considering purchasing GoPro, report says
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It’s not much of a secret that GoPro is struggling. They’ve dropped from a value of more than $10 billion at their peak to around $761 million today. Thousands of staff have been laid off over the last couple of years. And they also tried, and failed, to expand out into the drone industry. Recently, they announced that they’re opening up not only their technology and patents for licensing, but also the GoPro name itself.
Now it seems that the entire company may be getting sold after a report suggests that Chinese electronics giant Xiaomo is considering putting in an offer. Xiaomi are not new to action cameras, having previously been the main distributor and brand for the original YI HD Action Camera. But adding a brand like GoPro to their portfolio would certainly open them up to a huge global audience outside of China.
500px sold to Visual China Group, the “Getty of China”
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Today, 500px has announced that they got fully acquired by Visual China Group (VCG), also known as the “Getty Images of China.” VCG was 500px’s lead investor in 2015, but as of today, they own 100% of the company’s shares.
Fujifilm becomes Fuji Xerox in acquisition creating an $18 billion monster
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Yes, the Japanese company, Fujifilm Holdings, which makes everything from cameras to makeup is acquiring Xerox in a $6.1 billion deal. The merger is reported to have a combined revenue of $18 billion. The two companies have been partners under the brand Fuji Xerox for over 50 years, but now Fuji will become the majority stakeholder in the American company, made famous by its photocopiers.
Manfrotto just bought out JOBY and Lowepro to expand into vlogging markets
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It looks like vlogging has turned from being the strange pastime of a select few “self-absorbed” individuals into a more mainstream pursuit. When companies like Vitec, owner of Manfrotto, start taking an interest in the genre, you know it has probably become a big deal.
Vitec today announced that they have acquired two of the companies most associated with vlogging equipment. JOBY, makers of the GorillaPod, and Lowepro, probably the most popular brand of camera bag out there amongst vloggers.
Lexar to carry on under new ownership with potential grand plans for the future
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There was a lot of upset with the recent announcement that Micron were to discontinue the Lexar brand. A lot of previous and potential customers became concerned. Is support going away? Should they switch to a different brand? If they buy now, are their warranties still good? I know quite a few photographers who made the overnight switch to SanDisk without a second thought.
But now, it seems that Lexar will be just fine. Micron have sold the brand to Chinese flash storage company, Longsys. As a leader in consumer flash storage, it seems that the Lexar brand is definitely staying. Their mission is “to make Lexar the go-to brand for high-performance removable storage”. They also say they’ll be expanding on it to provide even more solutions in today’s big data and wireless landscape.
Report says Japanese government wants Fuji to “help” Nikon by buying a stake in it
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This is an odd and unexpected bit of potential news. I say potential because at the moment it’s mostly a rumour. But it’s quite an interesting thought. Nikon has been struggling, there’s no two ways about it. In Nikon’s own financial report they cite an “extraordinary loss” of around 53 billion yen (~$485 million). This resulted in 1,000 job cuts and completely dropping the newly planned line of DL cameras.
The respected Sentaku magazine reports in its June issue that the Japanese government is trying to find a company that can help Nikon. But that’s where the story starts to get a little confusing. The June issue is not available online. Fuji Rumors continue the story based off a Japanese blog relaying the point of the article.
Flickr’s future uncertain as Verizon seem set to buy Yahoo for $5 billion
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It’s not new information that Yahoo has been struggling. It may have been one of the Internet’s original giants, but they just can’t keep up and compete today. Google dominates the search market, Messenger usurped by Facebook, no real mobile platform, and no solid leadership. It’s not looking good.
About the only things Yahoo have left that are really all that useful to the general Internet population are Flickr and Tumblr. Now, Recode reports that Verizon are about to take up the reins in a $5 billion acquisition of Yahoo.
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