News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a share on Monday.
Even more notable, though, might be the merger's timing. Image licensing platforms like Getty and Shutterstock are facing ...
Visual media giants Getty Images Holdings Inc. and Shutterstock Inc. today announced a deal to merge into a single visual content company with an enterprise value of about $3.7 billion.
Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.' ...
Getty Images’ $3.7 billion merger, including debt, with rival stock image seller Shutterstock is a picture-perfect template for more deals.
In total, Getty expects to pay $331 million plus 319.4 million shares of its stock to acquire Shutterstock. At today's share price, that works out to a valuation of about $1.35 billion on Shutterstock ...
The offer represents a deal value of more than $1 billion, according to Reuters calculations. Shutterstock's shares jumped 22.7%, while Getty was up 39.7%. Stocks of both companies have declined ...
Getty Images and Shutterstock will merge to create a giant company focused on photos and other visual content in a deal valued at $3.7 billion, the two firms announced on Tuesday. The companies ...
Peters will become CEO of the combined company after the deal closes. The company will have 11 board members: six designated by Getty, four designated by Shutterstock, and Peters. Getty co-founder ...
Getty Images and 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 ...
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 ...