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Getty Images, Shutterstock
Getty Images, Shutterstock agree to merge in $3.7 billion deal. Here's what to know.
Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.'
The Future Of Stock Media After Getty And Shutterstock Join Forces
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.
Getty Images buying Shutterstock to create a $3.7 billion visual content company
Visual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company.
DPReview on MSN
2d
Getty Images buys rival Shutterstock to create "Premier Visual Content Company"
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
2d
on MSN
Seattle’s Getty Images will buy Shutterstock, creating company worth $3.7B
Getty Images CEO Craig Peters will oversee the company formed following Getty's mergers with Shutterstock. (Getty Images ...
2d
Shutterstock and Getty Images will join to become a $3.7 billion visual content company
The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader ...
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