Shutterstock and Getty Images will join to become a $3.7 billion visual content company
Visual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company. The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader array still imagery,
The Future Of Stock Media After Getty And Shutterstock Join Forces
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.
Getty Images buys rival Shutterstock to create "Premier Visual Content Company"
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
Getty Images, Shutterstock agree to merge in $3.7 billion deal. Here's what to know.
Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.'
Getty Images, Shutterstock agree to merge in $3.7B deal as AI competition heats up
News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a share on Monday.
Getty Images and Shutterstock Agree To Merge To Dominate Visual Content, Shares Jump
Getty Images Holdings, Inc. (NYSE:GETY) and Shutterstock, Inc. (NYSE:SSTK) shares are trading higher premarket on Tuesday after the companies entered a deal to create a visual content company in a merger of equals.
Getty Images, Shutterstock merge to form $3.7B visual content powerhouse
Getty Images & Shutterstock merge into a $3.7B media giant, combining their vast libraries & resources to redefine the visual content industry.
Getty Images and Shutterstock to Merge, Creating a Premier Visual Content Company
Merged company will be well-positioned to meet the evolving needs of creative, media, and advertising industries through combined investment in content creation, event coverage, and product and technology innovation Expected annual cost synergies between
Getty Images buying Shutterstock to create a $3.7B visual content company
GETTY Images is buying Shutterstock to create a $3.7 billion visual content company.The merger comes at a time when companies that use still images are facing i
Shutterstock and Getty Images merge to form $3.7 billion visual content company
Shutterstock and Getty Images will merge to form a $3.7 billion visual content company, enhancing their portfolios with diverse products.
Shutterstock and Getty Merge to Meet AI Challenge in $3.7 Billion Deal
The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.
Shutterstock and Getty Images to join to become US$3.7-billion visual content company
The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader ...
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Getty Images and Shutterstock to merge to become $3.7 billion visual content company
NEW YORK (AP) — Visual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company. The companies said Tuesday that they have complementary ...