Olshan Represents Backgrid in Acquisition by Shutterstock

Seeking Alpha and Investing.com have reported on the acquisition of Olshan client Backgrid, a global provider of celebrity news and photography for over three decades, by leading creative content licensing company Shutterstock. Shutterstock sought Backgrid in order to elevate its national US editorial coverage and extend its global reach, allowing the company to expand its archive with Backgrid’s 30 million+ images and videos across celebrity, red carpet and live events, as well as add more than 1,400 contributors to its industry-leading global photographer network. Olshan represented Backgrid on US legal matters (and Mishcon de Reya addressed UK legal matters), with Corporate partner Kenneth Silverman leading the Olshan team, which included: Corporate: Richard Quatrano, David Breyer and Rachel Gold; Intellectual Property: Mary Grieco; Tax: K.C. Chiang; Employment Practices: Michael Passarella; Employee Benefits: Stephen Ferszt; and corporate paralegal Lou Marasco.