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Getty Images, Shutterstock
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 buying Shutterstock to create a $3.7 billion visual content company
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 Plans $3.7B Merger With Rival Shutterstock
The global photo and video providers are grappling with the emergence of artificial intelligence tools that have flooded the internet with AI-created imgaes.
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 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 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.
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.
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Getty Images and Shutterstock to merge to become $3.7 billion visual content company
NEW YORK (AP) — Visual content companies Shutterstock and
Getty
Images
will join to become a $3.7 billion visual content company. The companies said Tuesday that they have complementary portfolios ...
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on MSN
Over 60 million Americans under heavy snow, blizzard, ice alerts as winter storms slam Midwest
As a deep winter chill begins to take over the northern half of the country, a new major winter storm will move across the ...
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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After Months Of Selloff, Getty Images' Price Finally Looks Appealing
Getty Images' strong position in the visual content market and its brand value justify a premium to book value. Read why I've ...
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