---
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"
generated_at: "2026-06-14T17:17:56.492915+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shutterstock acquires GIPHY from Meta for $53M cash; targets June close

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-026154
- JSON: https://secwatch.observer/filing/0001140361-23-026154.json
- Plain text: https://secwatch.observer/filing/0001140361-23-026154.txt

## Key facts
- Material Agreements
  Shutterstock, Inc. entered into Purchase Agreement with Meta Platforms, Inc. valued at $53 million in net cash (effective 2023-05-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Meta Platforms, Inc.
  - Value: $53 million in net cash
  - Effective: 2023-05-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1549346/000114036123026154/0001140361-23-026154-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.