Wix Buys US Art Community DeviantArt for $36 Million
Categories: Capital Markets, Hi-Tech
Naschitz Brandes Amir represented Wix.com (NASDAQ: WIX), a leading global cloud-based web development platform, in its $36 million acquisition of U.S.-based DeviantArt, one of the world’s largest online communities dedicated to artists, art enthusiasts and designers. The acquisition was completed in February 2017. This acquisition follows Wix’s recent acquisition of Flok (Loyalblocks) in January 2017 in which Naschitz Brandes Amir also acted as Wix’s counsel. Wix was represented by partners, Sharon Amir and Tuvia J. Geffen, and associates, Assif Rosenberg, Eti Baumgarten, Maya Toledano, Tal Mamanand Gal Fatal.
