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Getty Images, Shutterstock
Getty Images, Shutterstock to Combine in $3.7 Billion Deal
Getty Images Holdings and Shutterstock have agreed to merge into one visual-content company with an enterprise value of about $3.7 billion. Shares of both companies jumped on the announcement.
Getty Images and Shutterstock are merging into one stock photo powerhouse
Shutterstock are joining forces in a merger valued at around $3.7 billion, the companies announced on Tuesday. The merger will allow the companies to expand their stock photo libraries as they face increasing competition from AI-powered image creation tools.
Seattle’s Getty Images will buy Shutterstock, creating company worth $3.7B
Seattle’s Getty Images is acquiring Shutterstock to create a business worth approximately $3.7 billion, the companies announced Tuesday.
Getty Images and Shutterstock to merge to form $3.7B stock photo giant
Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while Shutterstock shareholders will own 45.3%. Getty Images also owns the iStock and Unsplash brands. The company will simply be called Getty Images.
Why Getty Images and Shutterstock Stocks Exploded Today
In total, Getty expects to pay $331 million plus 319.4 million shares of its stock to acquire Shutterstock. At today's share price, that works out to a valuation of about $1.35 billion on Shutterstock, or about 7% more than what Shutterstock costs after today's price spike.
Getty Images, Shutterstock Stocks Jump on Merger Deal
Shares in Getty Images and Shutterstock surged after the image companies agreed to merge, creating a group worth about $3.7 billion including debt. Getty stock stood about 49% higher in recent premarket trading.
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.
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.
Getty Images and Shutterstock announce $3.7B merger to dominate stock photo market
Getty Images already works with more than half a million content creators around the globe and serves customers in nearly every country. The outlet, which also
Getty Images To Merge With Shutterstock For 3 Big Reasons; Adobe Dips
Getty Images and Shutterstock agreed to a merger, creating a more formidable competitor for Adobe as generative AI shifts the landscape.
Getty Images Explores Merger With Rival Shutterstock
Getty Images Holdings Inc. is exploring a merger with rival Shutterstock Inc., according to people familiar with the matter.
6h
on MSN
Getty Images and Shutterstock to Merge in $3.7 Billion Deal
Getty Images and Shutterstock will merge into one company valued at $3.7 billion in a deal that aims to take on competition ...
Newsable Asianet News on MSN
1d
Getty Images Rumored To Be In Merger Talks With Shutterstock: Retail Sees Potential Combination As ‘Win-Win’ Proposition
Shares of Seattle, Washington-based creative and editorial visual content solutions provider Getty Images Holdings, Inc.
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