Wix.com Buys De­viantArt for $36 mil­lion

The Economic Times - - Disruption: Startups & Tech -

—Reuters

Is­rael-based Wix.com said it ac­quired De­viantArt, an on­line com­mu­nity for artists and de­sign­ers, for $36 mil­lion in cash and raised its rev­enue out­look for 2017. Wix, which helps small busi­nesses build and op­er­ate web­sites, will have ac­cess to Los An­ge­les-based De­viantArt’s more than 40 mil­lion reg­is­tered mem­bers and over 325 mil­lion pieces of orig­i­nal art. As a re­sult of the deal, Wix raised its 2017 rev­enue out­look by $8 mil­lion to $417$419 mil­lion.

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