Getty Images And Shutterstock Merge To Create $3.7B Visual Content Giant
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 buying Shutterstock to create 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.
Getty Images Weighs Major Merger With Shutterstock That Could Potentially Reshape Visual Content Market
Getty Images considers a merger with Shutterstock amid shifting market dynamics and antitrust concerns, highlighting challenges in the visual content sector.
Getty Images, Shutterstock to Merge Into $3.7B Visual-Content Company -- Update
Shares of both companies surged on the news, with Shutterstock advancing 19% to $35.80 and Getty rising 25% to $3.22, on track for its biggest percentage increase in nearly two years. Getty was founded in 1995 by Chairman Mark Getty and has traded publicly since 2021 after a merger with a blank-check firm.
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 announces merger with rival content firm Shutterstock
Alternatively, Shutterstock shareholders can choose to receive a mix of cash and Getty shares. shareholders will own about 54.7% of the combined company at closing an
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 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.
Getty Stock Loses Shutterstock Merger Pop
Shares of Holdings dropped close to an all-time low, shedding gains made Tuesday after the company announced its merger with Shutterstock. The visual content company's stock was down more than 16% at $2.
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.'
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Shutterstock and Getty: A $3.7 Billion Visual Content Giant
Visual content developers and entertainment and media investors were elated when Shutterstock (NYSE: SSTK) and Getty Images ...
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 ...
Smoke, reflections and portals: Adobe’s TransPixar takes AI VFX to the next level
Adobe and HKUST researchers unveil TransPixar, a breakthrough AI system that creates transparent visual effects from text prompts.