secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001549346-23-000027
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934623000027/0001549346-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934623000027/sstk-20230623.htm
  HTML page:      https://secwatch.observer/filing/0001549346-23-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer