Shutterstock CEO Paul Hennessy said the merger with Getty Images provides an opportunity to "meet diverse customer needs.” ...
The companies are two of the largest in the visual content business. They provide editorial photographs and stock images used ...
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.' ...
The merger comes at a time when companies that use still images are facing increased competition from images generated by artificial intelligence.
Getty CEO Craig Peters will lead the combined company, which will have annual revenues of nearly $2 billion and stands to benefit from Getty’s large library of visual content and the strong community ...
Shares of the visual content marketplace were up 33% to $3.43 after announced that it had entered into a definitive merger agreement worth $3.7 billion. The resulting company will be named ...
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 ...