Tag Archives: Mergers & Acquisitions

The Flickr Acquisition By SmugMug – Everything You Need To Know!

After 13 years under Yahoo, Flickr has now been sold to SmugMug, a photography platform dedicated to visual storytellers. Here is everything you need to know about this acquisition and what it means to you. Don’t forget to check out the extended Q&A!


What Is SmugMug?

SmugMug is a photography platform dedicated to empowering people who love photography and who want to improve their craft. SmugMug allows photographers to create beautiful portfolios, use a powerful e-commerce platform to sell their photos, preserve their memories, and stand out with great options for showcasing their work.


What Will Change At Flickr?

Nothing will change immediately with regard to your Flickr account. You will still access Flickr with your current login credentials and you will have the same experience as you do now. SmugMug promises to make Flickr even better.

But if you prefer not to use Flickr under SmugMug’s management, you have until 25 May 2018 to remove your account.

If you want to keep your account and data from being transferred, you must go to your Flickr account to download the photos and videos you want to keep, then delete your account from your Account Settings by May 25, 2018.

If you do not delete your account by May 25, 2018, your account and data will transfer to SmugMug and will be governed by SmugMug’s Terms and Privacy Policy.


SmugMug + Flickr Q&A

What’s going to happen to my Flickr account?
At present, nothing. You will continue to log in with your current credentials and you will have the same experience you are used to. If things do change in the future, we’ll be as transparent as possible about the process and give you as much notice as we can about the issues that will matter to you.

Will anything happen to my photos or will they be moved?
You’ll still be able to access your photos as you do currently and they’ll retain the same flickr.com URL as always.

I got an email saying I have until May 25, 2018 to opt out of SmugMug’s Terms of Service and then my Flickr account will be governed by them. Explain please?
As part of the acquisition, all Flickr accounts will move to SmugMug’s Terms of Service and Privacy Policy. You have until May 25, 2018 to either accept SmugMug’s Terms and Privacy Policy or opt out. If you do nothing in that time, your account will simply transition from the current Yahoo Terms of Service and Privacy Policy to SmugMug’s Terms. If you don’t want to make this change, you can delete your account through your Account Settings page. If you want to preserve a copy of your photos, be sure to download them from your Camera Roll first!

We encourage you to read SmugMug’s Terms in detail, as you would with any site where you host your photos. It is worth noting that SmugMug has prided itself on having very photographer-friendly terms without some of the standard verbiage and licenses that many platforms grant themselves to use your data in a way that best suits them. This is one of the reasons we’re thrilled to have found a new home at SmugMug.

What are SmugMug’s plans for Flickr? Will the products be merged?
SmugMug loves Flickr and they want us to keep on being Flickr. There is no plan to merge the products. As we spend more time with the SmugMug team, we hope to find ways to coordinate our development work and provide two great destinations dedicated to visual storytellers and creatives.

Will my Flickr Pro subscription change?
You’ll remain a Pro member and continue to enjoy all the benefits of a Pro membership. We’ve just started offering a 45-day free trial for new Pros who sign up for a yearly subscription. We’re also extending this offer to folks who may have been Pro in the past and want to come back to give it a try. Learn more on our Pro page.

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Do I still have to log in to Flickr with my Yahoo login?
Yes. During our transition process, you will continue to sign in using your existing login credentials. Over time, Flickr’s sign-in will be separated from Yahoo’s and when that happens, you’ll have the ability to choose how you log in.

I actually can’t remember what my login is — can you help me?
If you are unable to log in to your Flickr account, please start by going through the Yahoo Help Page and click the “Contact us” link on the lower left. Follow the prompts there to communicate with a Customer Care agent.

I have a SmugMug account — will my accounts be merged?
No, your SmugMug and Flickr accounts will remain separate and independent for the foreseeable future.

When are you going to fix Explore?
Ha! Nice try. You know the first rule of Explore is that we don’t talk about Explore.

Honestly, though, there are numerous parts of Flickr that we plan to improve and SmugMug supports our desire to make your experience better. Before making any significant changes to the Flickr experience, SmugMug is committed to spending time getting to know the community and listening to your needs. We will share updates as we map out our future together.

What happens to the Flickr staff that we all know and love?
You can’t get rid of us.

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Logitech Purchases ASTRO Gaming For US$85 Million!

July 13, 2017 ​— Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it has agreed to acquire ASTRO Gaming for US$ 85 million.


Logitech And ASTRO Gaming

ASTRO Gaming is a console gaming brand with a history of producing award-winning headsets for professional gamers and enthusiasts. This acquisition will make Logitech the number one maker of headsets, mice, keyboards and streaming webcams for PC and console gamers.

“ASTRO is the leading player for premium console headsets and is the preferred headset for console eSports athletes,” said Ujesh Desai, vice president and general manager of Logitech G. “It’s a perfect complement to Logitech G’s focus on PC gaming and we couldn’t be more excited; we love the team, the brand and the products. Together, we want to make game play even more fun for gamers everywhere.”

Jordan Reiss, co-founder and president of ASTRO, added, “The whole team at ASTRO has always held Logitech and Logitech G products in the highest regard, so I’m ecstatic we are joining forces. ASTRO’s brand strength combined with Logitech G’s unrivalled technology and global distribution network is going to bring our products to even more gamers around the world.”

ASTRO is a pioneer in gaming audio and lifestyle products and has a strong leadership position in the premium end of the global console gaming headset market. ASTRO is best known for its iconic A40 and A50 headsets designed for pro gamers and core enthusiasts. ASTRO’s recently introduced A10 expands the company’s reach in the console headset market, offering the essence of what makes their headsets premium, but at a more broadly accessible price point.

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Expected impact on financial results for FY 2018

Logitech will purchase ASTRO for $85 million in cash, and the acquisition is expected to close in early August. With the addition of ASTRO, Logitech is investing in an adjacent gaming market — the console gaming market — to help accelerate the long-term growth of their gaming business.

In FY 2018, Logitech expects the acquisition of ASTRO to add approximately two points of growth to the top line, and to be slightly dilutive to the bottom line in the first year, as they integrate the business and invest to expand ASTRO internationally.

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