Getty and Shutterstock Are Merging. Here's What It Means for Creators and Businesses.
Shutterstock announced plans to merge on Tuesday to create one company named, Holdings, Inc. The news arrives as Getty plans to celebrate its 30th year in business. The two imaging powerhouses, which provide editorial and creative photos,
A Getty and Shutterstock merger will create opportunities for both generative AI innovation and creator growth, the companies say
Stock photography platforms and Shutterstock are finalizing talks to merge into one company, the brands announced. On January 07, Holdings Inc. shared that it has entered into a definitive merger agreement with Shutterstock.
Getty Images, Shutterstock Gear up for AI Challenge With $3.7 Billion Merger
Under the deal, Shutterstock shareholders can opt to receive either $28.80 per share in cash, or 13.67 shares of Getty Images, or a combination of 9.17 shares of Getty and $9.50 in cash for each Shutterstock share they own.
Getty Images merges with rival Shutterstock to form $3.7B company
Shutterstock, creating a $3.7 billion stock image giant. While the deal is expected to bolster the companies' position in the AI era, it could also draw antitrust scrutiny. The newly formed entity is called Holdings Inc.
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 buying Shutterstock to create a $3.7 billion visual content company
Getty Images shareholders will own about 54.7% of the combined company at closing and Shutterstock stockholders will own approximately 45.3%.
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 to acquire Shutterstock to create $3.7 billion firm
The deal will marry Seattle-based Getty Images' immense library of photos, illustrations and videos with Shutterstock's searchable platform that lets contributors upload content.,
Getty Images and Shutterstock to merge, forming $3.7 billion stock image giant
Getty Images said on Tuesday it will merge with rival Shutterstock to create a $3.7 billion stock image powerhouse in a deal that would help the companies navigate the AI era, but likely attract antitrust scrutiny.
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Getty Images Holdings, Inc. Class A
Getty Images Holdings, Inc. operates as a visual content creator and marketplace. It offers creative and editorial content solutions through its brands Getty Images, iStock, and Unsplash.
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Getty Images explores merger with Shutterstock, Bloomberg News reports
The development comes at a time when Getty Images has struggled to retain customers and replace the lost customers. Its creative and editorial products, two of its largest revenue segments ...