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Getty Images, Shutterstock
Getty Images, Shutterstock agree to merge in $3.7 billion deal. Here's what to know.
Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.'
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 effects of the deal.
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 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.
Shares in Getty Images and Shutterstock 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 25% higher Tuesday morning.
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 likely to draw antitrust scrutiny.
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 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.
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.
DPReview on MSN
18h
Getty Images buys rival Shutterstock to create "Premier Visual Content Company"
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
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What's Happening With Adobe Stock?
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...
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DOJ Adds 6 Major Landlords to Lawsuit Over Algorithmically Inflating Americans’ Rents
Federal prosecutors sued the real estate software company RealPage in August, now they're suing some of the company's biggest ...
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