Cahill Represents Shutterstock, Inc. in Acquisition of Pond5 and New Financing
Cahill advised Shutterstock, Inc., a leading global creative platform for transformative brands and media companies, in its acquisition of Pond5, the world's largest video-first content marketplace for filmmakers, media organizations, and marketers worldwide with customers including Netflix, Disney, NBC, BBC, Discovery Channel and The Wall Street Journal. With this acquisition, Shutterstock will solidify their position as the premium destination for its global customer community for unique access to editorial content, video footage and music. The acquisition is valued at approximately $210 million. As part of the completed transaction, Shutterstock will acquire Pond5’s library of 1.6 million music tracks and 1.7 million sound effects assets.
Cahill also represented Shutterstock in connection with a $100 million revolving credit facility.