{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-026154","form_type":"8-K","ticker":"SSTK","cik":"0001549346","company_name":"Shutterstock, Inc.","filed_at":"2023-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.345714+00:00","generated_at":"2026-06-14T17:17:56.492915+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Shutterstock acquires GIPHY from Meta for $53M cash; targets June close","bullets":["Purchase price $53M net cash; funded from cash-on-hand and existing credit facility.","GIPHY serves 1.7B daily users with 1.3B daily search queries and 15B daily media impressions.","Meta enters into API agreement for continued access across its platforms.","Shutterstock maintains 2023 revenue and adjusted EBITDA margin guidance.","Transaction expected to close in June 2023, subject to customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-026154","json":"https://secwatch.observer/filing/0001140361-23-026154.json","markdown":"https://secwatch.observer/filing/0001140361-23-026154.md","text":"https://secwatch.observer/filing/0001140361-23-026154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549346/000114036123026154/0001140361-23-026154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549346/000114036123026154/brhc20053362_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:17:56.492915+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0162f6cfadc3899c47ae10e2f098a893d5585b9c","claim":"Shutterstock, Inc. entered into Purchase Agreement with Meta Platforms, Inc. valued at $53 million in net cash (effective 2023-05-22).","evidence_excerpt":"On May 22, 2023, Shutterstock, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Meta Platforms, Inc. (“Meta”) pursuant to which Meta has agreed to sell, and the Company has agreed to purchase (the “Acquisition”), all of the issued and outstanding capital stock of Giphy, Inc. (“GIPHY”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000114036123026154/0001140361-23-026154-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Meta Platforms, Inc."},{"label":"Value","value":"$53 million in net cash"},{"label":"Effective","value":"2023-05-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}