Artnet1d
Getty Images and Shutterstock Are Merging. Here’s Why Photographers Are Less Than Thrilled
After Getty Images announced plans for a $3.7 billion merger with competitor Shutterstock, photographers spoke about the ...
Getty’s stock soars 42% after image company agrees to merge with Shutterstock in $3.7 billion deal
The deal is expected to generate annual cost synergies of $150 million to $200 million by year three and to boost earnings and cash flow by year two.
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.
newsbytesapp.com1d
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 ...
Stocktwits on MSN1d
Getty Images, Shutterstock Surge On Confirmation Of $3.7B Merger: Retail Applauds The Move
Shares of Getty Images Holdings, Inc. ($GETY) and its New York-based rival Shutterstock, Inc. ($SSTK) surged in Tuesday’s pre ...
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 ...
Strategic Merger between Shutterstock and Getty Images Drives Buy Recommendation Amid Competitive Pressures
Analyst Youssef Squali of Truist Financial maintained a Buy rating on Shutterstock (SSTK – Research Report), retaining the price target of ...
Reuters6d
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 ...