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Getty Images, Shutterstock
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 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.
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 increased competition from images generated by artificial intelligence.
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, 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-market trading after the creative and editorial visual content solutions providers confirmed rumors of a potential combination.
Getty and Shutterstock agree $3.7bn merger
Rival image providers Getty and Shutterstock have agreed to merge, claiming the combined company will be worth around $3.7bn.
Getty Images (GETY) and Shutterstock’s $3.7 Billion Deal: Is This a Game-Changer?
In a dramatic premarket surge, Holdings Inc. (NYSE: GETY) saw its stock skyrocket by +47.47% to $3.79 after news of a definitive merger agreement with Shutterstock (NYSE: SSTK). This unexpected spike has captured the attention of investors,
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,
Shutterstock and Getty Images will join to become a $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 array still imagery, video, music, 3D and other media.
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’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.
1h
Getty and Shutterstock Announce Merger; Shares Surge 82% in Pre-Market Trading
Peters will be CEO of the merged firm upon completion; Mark Getty will be chairman and the board of directors consists of ...
New York Post
12m
Getty Images, Shutterstock agree to merge in $3.7B deal as AI competition heats up
Getty and
Shutterstock
will enter into a
merger
of equals — meaning that each firm comes into the agreement with roughly the same market capitalization and operational scope to form a new, ...
2h
Picture Perfect Partnership: Getty And Shutterstock Merge To Form $3.7B Visual Giant
Getty Images and Shutterstock will merge to create a leading visual content company worth $3.7 billion, offering a diverse ...
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