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Getty Images, Shutterstock
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.
Getty Images to Acquire Shutterstock to Create $3.7 Billion Firm
Getty Images Holdings Inc. agreed to acquire rival stock-photo provider Shutterstock Inc. in a deal that would create a combined company worth about $3.7 billion including debt.
Getty Images and Shutterstock to merge to form $3.7B stock photo giant
Getty Images on Tuesday said it has agreed to merge with its rival Shutterstock in a cash-and-stock deal. The combined entity is expected to be valued at
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 from AI, the companies announced on Tuesday. The new premier visual content company will be called Getty Images Holdings, Inc. and at close, Getty Images’s CEO, Craig Peters, will serve as CEO of the combined company.
Getty Images Plans $3.7B Merger With Rival Shutterstock
The giant commercial photo and video providers are grappling with the emergence of artificial intelligence tools that have flooded the internet with AI-created images.
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.
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 Explores Merger With Rival Shutterstock
Getty Images Holdings Inc. is exploring a merger with rival Shutterstock Inc., according to people familiar with the matter.
Getty Images Signs $3.7 Bln Merger Deal With Shutterstock
Getty Images Holdings, Inc. (GETY), a visual media company, Tuesday said it has signed a merger agreement with rival Shutterstock,
Getty Images and Shutterstock merge to form $3.7 billion visual content giant
The merger comes at a time when companies that use still images are facing increased competition from images generated by artificial intelligence. The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader array still imagery,
Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger
Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for the artificial intelligence era, in a deal that would likely draw antitrust scrutiny.
Yahoo Finance
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Why Getty Images and Shutterstock Stocks Exploded Today
Image library companies
Getty
Images
(NYSE: GETY) and
Shutterstock
(NYSE: SSTK) are merging, sending shares of both ...
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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 ...
Newsable Asianet News on MSN
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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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