New York
- Shutterstock, a subscription-based stock photo agency, announced that it has
acquired BigStockPhoto, a credit-based stock photo agency.
Financial terms of
the deal were not disclosed.
Founded in 2004 as an alternative to high-priced
stock photography, BigStockPhoto maintains a library of 3.7 million
royalty-free photos.
Shutterstock plans to grow the company's global presence
through investments in marketing, infrastructure and user experience.
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