Getty Images and Shutterstock to merge, forming $3.7 billion stock image giant (updated)
07/01/2025 11:45
(Recasts lede, adds details from the release in paragraph 4)
Jan 7 (Reuters) - Getty Images GETY.N said on Tuesday
it will merge with rival Shutterstock SSTK.N to create a $3.7
billion stock image powerhouse in a deal that would help the
companies navigate the AI era, but likely attract antitrust
scrutiny.
Shutterstock's shares were up 9.9% in premarket trading,
while shares of Getty Images were up 18.7%.
The combined company will be named Getty Images Holdings Inc
and will continue to trade on the New York Stock Exchange under
the ticker symbol "GETY".
At close, Getty Images' CEO, Craig Peters, will serve as CEO
of the combined company.
Getty competes with Reuters and the Associated Press in
providing photos and videos for editorial use.
(Reporting by Rishi Kant in Bengaluru; Editing by Shounak
Dasgupta and Pooja Desai)
((Rishi.Kant@thomsonreuters.com))