Looking to expand the premium content offerings in its JupiterImages division, Jupitermedia has announced a $20.85 million cash deal to acquire New Jersey-based stock photography firm Comstock Images.
Jupitermedia said it would finance the purchase with a credit facility of up to $12 million obtained from HSBC Bank USA. The company is also arranging an additional $11 million credit facility with HSBC Bank USA to help finance the deal and other potential acquisitions.
Last June, the company inked a cash and stock deal to acquire ArtToday network of paid subscription graphic-design sites.
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