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 ...
Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.' ...
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’ $3.7 billion merger, including debt, with rival stock image seller Shutterstock is a picture-perfect template for more deals.
The deal will marry Seattle-based Getty Images' immense library of photos, illustrations and videos with Shutterstock's searchable platform that lets contributors upload content., ...
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 ...
Getty shareholders will own about 54.7% of the combined company, which will retain the Getty name. Shares of both companies ...
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 ...