Brief: Getty Images And Shutterstock To Merge In Deal Valued At $3.7 Bln

Shutterstock

07/01/2025 11:39

Jan 7 (Reuters) - Shutterstock  SSTK.N : 
    * SHUTTERSTOCK INC: COMBINED CO WOULD HAVE ENTERPRISE VALUE
OF
ABOUT $3.7 BILLION
    * GETTY IMAGES AND SHUTTERSTOCK TO MERGE, CREATING A PREMIER
VISUAL CONTENT COMPANY
    * SHUTTERSTOCK INC: COMBINED COMPANY WOULD HAVE AN
ENTERPRISE
VALUE OF APPROXIMATELY $3.7 BILLION
    * SHUTTERSTOCK INC: PROPOSED DEAL EXPECTED TO BE ACCRETIVE
TO
EARNINGS AND CASH FLOW BEGINNING IN YEAR TWO
    * SHUTTERSTOCK INC: DEAL EXPECTED TO BE ACCRETIVE TO
EARNINGS AND
CASH FLOW BEGINNING IN YEAR TWO
    * SHUTTERSTOCK: AT CLOSE, GETTY IMAGES STOCKHOLDERS WILL OWN
ABOUT
54.7% & CO STOCKHOLDERS TO OWN ABOUT 45.3% OF COMBINED CO ON
FULLY DILUTED BASIS
    * SHUTTERSTOCK: SHUTTERSTOCK STOCKHOLDERS AT DEAL CLOSE CAN
ELECT
TO RECEIVE $28.84870/SHARE IN CASH FOR EACH SHARE OF
SHUTTERSTOCK OWNED
    * SHUTTERSTOCK: CO'S STOCKHOLDERS AT DEAL CLOSE CAN GET
13.67237
SHARES OF GETTY IMAGES COMMON STOCK FOR EACH SHARE OF
SHUTTERSTOCK COMMON STOCK OWNED
    * SHUTTERSTOCK: UNDER DEAL, STOCKHOLDERS MAY ELECT TO GET
MIXED
CONSIDERATION OF 9.17 SHARES OF GETTY IMAGES STOCK PLUS $9.50 IN
CASH PER CO'S SHARE
    * SHUTTERSTOCK: AGGREGATE CONSIDERATION PAYABLE BY GETTY
IMAGES
WOULD CONSIST OF $331 MILLION IN CASH AND 319.4 MILLION SHARES
OF GETTY IMAGES STOCK
    * SHUTTERSTOCK:  COMBINED CO WILL BE NAMED GETTY IMAGES
HOLDINGS,
INC, WILL CONTINUE TO TRADE ON NYSE UNDER "GETY"

Source text:  ID: 
Further company coverage:  SSTK.N 

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