2 of the largest stock photo platforms are merging, sending their shares up
"We see increased usage in our stock content from our AI customers, and we're seeing new customers coming into the franchise for our AI products," Hennessy said. "There's a one pl
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.
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 Merges with Shutterstock for Major Synergies
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US Photo Agencies Getty And Shutterstock To Merge
Two of the world's largest picture agencies, Getty Images and Shutterstock, announced plans to merge on Tuesday in a move that will create a giant in the visual content sector.
Getty Images and Shutterstock to merge to form $3.7B stock photo giant
Shutterstock shareholders will own 45.3%. also owns the iStock and Unsplash brands. The company will simply be called . As part of the deal, Shutterstock shareholders can decide to receive $28.80 per share in cash,
Getty Images and Shutterstock agree to merge
Getty Images Holdings and Shutterstock agreed to combine in a deal that creates a $3.7 billion visual content company. Why it matters: The deal underscores the soaring demand for images and related content from content creators and platforms.
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