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Getty Images buying Shutterstock to create a $3.7 billion visual content company
SSTKShutterstock(SSTK) Techxplore·2025-01-07 18:00

Core Viewpoint - Getty Images is acquiring Shutterstock to form a visual content company valued at 3.7billion,respondingtocompetitionfromAI−generatedimages[1][2].CompanyOverview−Themergeraimstocombinecomplementaryportfolios,offeringawiderrangeofstillimagery,video,music,3D,andothermediatocustomers[2].−GettyImagesCEOCraigPeterswillleadthecombinedentity,emphasizingthegrowingdemandforcompellingvisualcontent[2][3].ShareholderStructure−Uponcompletionofthemerger,GettyImagesshareholderswillholdapproximately54.73.7 billion, responding to competition from AI-generated images [1][2]. Company Overview - The merger aims to combine complementary portfolios, offering a wider range of still imagery, video, music, 3D, and other media to customers [2]. - Getty Images CEO Craig Peters will lead the combined entity, emphasizing the growing demand for compelling visual content [2][3]. Shareholder Structure - Upon completion of the merger, Getty Images shareholders will hold approximately 54.7% of the new company, while Shutterstock shareholders will own about 45.3% [3]. Shareholder Options - Shutterstock shareholders have the option to receive either approximately 28.85 in cash per share, about 13.67 shares of Getty Images for each share of Shutterstock, or a combination of 9.17 shares of Getty Images plus $9.50 in cash for each share of Shutterstock [4]. Corporate Structure - The merged company will operate under the Getty Images name and will continue trading on the New York Stock Exchange with the ticker symbol 'GETY' [5]. - The board will consist of 11 members, including Peters, six directors from Getty Images, and four from Shutterstock, with Mark Getty as chairman [5]. Market Reaction - Following the announcement, shares of Shutterstock increased by over 30%, while Getty Images' stock rose more than 58% [7].