---
schema_version: "secwatch.filing_event.v1"
accession: "0001549346-23-000027"
form_type: "8-K"
ticker: "SSTK"
cik: "0001549346"
company_name: "Shutterstock, Inc."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:00:13.059008+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shutterstock completes acquisition of Giphy from Meta for $53M net cash

## Summary
- Shutterstock closed purchase of Giphy from Meta Platforms on June 23, 2023.
- Total consideration is $53 million in net cash, inclusive of working capital.
- Transaction was initially disclosed in a Form 8-K filed on May 23, 2023.
- Financial statements for Giphy will be filed by amendment within 71 calendar days.

## SEC filing metadata
- accession: 0001549346-23-000027
- form_type: 8-K
- ticker: SSTK
- cik: 0001549346
- company_name: Shutterstock, Inc.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000027/0001549346-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000027/sstk-20230623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001549346-23-000027
- JSON: https://secwatch.observer/filing/0001549346-23-000027.json
- Plain text: https://secwatch.observer/filing/0001549346-23-000027.txt

## Key facts
- M&A Transactions
  Shutterstock, Inc. completed an acquisition involving Meta Platforms, Inc. for $53 million in net cash (closed 2023-06-23).
  - Action: acquisition
  - Counterparty: Meta Platforms, Inc.
  - Consideration: $53 million in net cash
  - Closing: 2023-06-23
  source text: has sold, and the Company has purchased, all of the issued and outstanding capital stock of Giphy. The consideration payable by the Company pursuant to the Purchase Agreement is $53 million in net cash, inclusive of working capital. The Purchase Agreement contains customary representations, warranties and covenants by the Company and Meta that are subject, in some
  evidence_url: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000027/0001549346-23-000027-index.htm

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