Getty Images and Shutterstock to merge to form $3.7 billion stock photo giant

Getty Images has announced plans to merge with its rival Shutterstock in a cash-and-stock deal. The combined entity is expected to be valued at $3.7 billion based on yesterday’s closing share prices. This announcement confirms earlier reporting from Bloomberg.Both companies offer stock photos and video footage that can be licensed and reused. This content is commonly used by news organizations, film and documentary makers, ad agencies, marketing firms and more. Getty Images is the bigger company of the two ...