Acquisition2023-10-12confirmed

Freepik Company × EyeEm

After Berlin-based photo platform EyeEm filed for bankruptcy, it was acquired by the Spanish stock content provider Freepik. [43] The primary asset cited in the deal was EyeEm's library of over 160 million photographs. [48, 49] As part of the acquisition, Freepik committed to paying the outstanding debts owed to EyeEm's contributor community. [43, 49]

Price paid
Not disclosed
Losing bid
Per unit
no meaningful ratio

The asset

Acquisition of the EyeEm platform and its photography library, which contains over 160 million images, following EyeEm's bankruptcy filing.

  • 160M images

The record

Seller status
Chapter 11
Sector
Stock photography
Modalities
images
Jurisdiction
DE
Personal data
Freepik stated it would pay off all outstanding debts to EyeEm's 140,000 contributors.

What it means if you hold data

This transaction shows how valuable large, curated image libraries are as assets, even for a company in bankruptcy, in the age of AI. The acquisition was a strategic move by Freepik to significantly expand its content offering for its own services and potential future data licensing deals.

Sources