Yesterday, Lensrentals announced that it had acquired "select assets" of BorrowLenses from Shutterfly, including the branding and assets. The company confirmed to PetaPixel today that it doesn't include employees or the physical San Carlos, California location.
Lensrentals announced that it has acquired BorrowLenses from Shutterfly, further solidifying its position as the top online photo, video, audio, and lighting equipment rental company in the United States.
The Competition and Markets Authority (CMA), the competition watchdog in the United Kingdom, has provisionally determined that Adobe's proposed $20 billion acquisition of Figma would be harmful to the marketplace.
Adobe has announced it has purchased Figma, a popular design platform and Adobe XD competitor, for $20 billion in cash and stock. The company says the merger will "usher in a new era of collaborative creativity."
Scientists have, for the first time, recorded a millimeter-wavelength light explosion caused by the merging of a neutron star with another star.
Zenfolio has announced that it has acquired Format, one of the leading website-building platforms and marketplace hosts primarily used by professional photographers and artists.
OnePlus has merged with Oppo in a move that the company says is designed to integrate and streamline products thanks to shared resources. Both brands were already owned by the same parent company, but the move further tightens development operations between the two.
Unsplash has announced that as of today it is being acquired by Getty Images. In a blog post, Unsplash's founder Mikael Cho says that it will continue to operate as a standalone brand inside of Getty and that the free content model won't be changing.
Coworking company NeueHouse and the international photography museum Fotografiska have joined forces in an attempt to overcome the effects of the coronavirus pandemic that have rocked both industries.
Photo and video editing brand VSCO has acquired action camera maker Rylo. The pairing, which might seem strange at first blush, promises to bring Rylo's innovative mobile video editing tools to the VSCO platform starting "next year."
The parent company of The Knot has agreed to a $933 million deal to merge with WeddingWire, creating a juggernaut of a company in the US wedding industry.
Xerox has called off its $6.1 billion mega-merger with Fujifilm after major shareholders revolted due to their belief that Xerox had been undervalued.
Fujifilm just took over Xerox in a deal worth $6.1 billion that creates an $18 billion company. Fujifilm will have majority ownership and complete control over the American company best known for its photocopiers.
National Geographic photographers will likely soon find themselves under the same parent company as Disneyland photographers. Disney is set to take ownership of the famous yellow-bordered magazine as part of its $52 billion purchase of 21st Century Fox.
Popular photography rental companies Lensrentals and LensProToGo announced today that they are merging to form the "strongest photo and video equipment rental company in the US."
As of today, two of the biggest camera retailers in the UK have merged. Calumet Photographic and WEX Photographic are becoming one.
This is going to be the strangest (and most controversial) piece of photo industry news you'll read today. According to a report published by the reputable Japanese magazine Sentaku, the Japanese government is trying to convince Fuji to 'help' Nikon by buying a stake in the troubled camera company.
Sony has agreed to pour $645 million into Olympus in exchange for 11.5 percent of the embattled company, becoming the single largest shareholder. While the companies announced that they are considering cooperating in the digital camera industry, the main motivation for Sony wasn't photographic imaging but body imaging. Olympus is one of the major players in the medical endoscope market, holding about 70% of sales, and Sony's investment allows it to dip its toes into this lucrative industry.
Facebook agreed to buy Instagram for $1 billion back in April, but the deal has been in limbo over the past four months while the Federal Trade Commission gave the deal a long look-over. Both online companies got goods news today when the FTC announced that the investigation has been completed, and that the deal may "proceed as proposed."
The "as proposed" part is something that Instagram would probably love to change if it could. As we wrote a couple days ago, the fact that so much of the price was offered as shares of stock, coupled with Facebook's plummeting ticker symbol, means that the $1 billion deal is now only worth around $750 million.
Those of you who were hoping that all of the Facebook/Instagram acquisition talk would end may not …